Media personality and entrepreneur Kevin O’Leary says President Donald Trump‘s deal allowing NVIDIA Corp (NASDAQ:NVDA) and Advanced Micro Devices Inc (NASDAQ:AMD) to sell semiconductor chips in China under a government revenue-sharing plan is mutually beneficial.
The controversial deal allows both companies to sell their advanced AI chips, the H20 and MI308, to the Chinese market while handing over 15% of the proceeds to the U.S. government. Many commentators expressed national security concerns in reaction to the agreement as both countries race to develop artificial intelligence.
