NVIDIA, AMD agrees to pay 15% of flea sales income in China
NVIDIA Corp. And Advanced Micro Devices Inc. agreed to pay 15% of their income, from flea sales to China to the United States government as part of an agreement with the Trump administration to guarantee export licenses, according to a person familiar with the issue.
NVIDIA plans to share 15% of the sales income for its h20 chip in China and AMD will deliver the same share of the MI308 income, added that the person, who asked for anonymity to discuss internal deliberations. The Financial Times declared development earlier.
He followed a separate report from the Financial Times that the US trade department began to issue H20 licenses on Friday, two days after the CEO of Nvidia, Jensen Huang, met President Donald Trump.
The Trump administration had frozen the sale of a few advanced fleas in China earlier this year while trade tensions have been equipped with the two largest world savings.
A spokesman for Nvidia said that the company followed the American export rules, adding that even if he has not shipped H20 fleas to China for months, he hopes that the rules will allow American companies to compete in China. AMD did not immediately respond to a request for comments.
In addition, Intel CEO, Lip-Bu Tan, is expected to visit the White House on Monday after Trump called his dismissal last week for his links with Chinese companies, the Wall Street Journal reported on Sunday.
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