Nvidia and AMD agree to pay 15% of China chip export revenues to US
by Helen Davidson and agencies from Technology | The Guardian on (#6Z7X5)
Unprecedented deal, an apparent reversal of security restrictions, is in return for licences to sell to China
The chipmakers Nvidia and AMD have agreed to give the US government 15% of their revenue from advanced chips sold to China in return for export licences to the key market.
The unprecedented move, an apparent reversal of US national security restrictions on the chip sales, signalled an easing in the US-China trade war.
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