NVIDIA reach deal with US agreement to restart sale of AI chips to China

NVIDIA and AMD have reached an agreement with the US government that will allow both companies to resume the sale of their AI chips to China. It has been reported that NVIDIA and AMD have been granted export licenses to resume trading in China, but they will pay a 15% levy on the revenue made to the US. In April, US President Donald Trump expressed his dismay that the US was losing some of its technological edge, and announced that companies would need to apply for export licenses. Washington and Beijing have been locked in an economic arm wrestle for …

https://www.tahawultech.com/news/nvidia-reach-deal-with-us-agreement-to-restart-sale-of-ai-chips-to-china/