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us.cnn.com
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Trump Administration Extracts Billions from Chipmakers in Controversial Deal
Nvidia and AMD agreed to pay 15% of their Chinese semiconductor sales revenue to the US government in exchange for export licenses, generating an estimated $5 billion annually for the Treasury, bypassing Congress and raising concerns about executive overreach and potential illegality.
Trump Administration Extracts Billions from Chipmakers in Controversial Deal
Nvidia and AMD agreed to pay 15% of their Chinese semiconductor sales revenue to the US government in exchange for export licenses, generating an estimated $5 billion annually for the Treasury, bypassing Congress and raising concerns about executive overreach and potential illegality.
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