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Reason
Reason
Jack Nicastro

U.S. Revenue Grab on Chip Exports Raises Legal, Economic Alarms

Nvidia AMD Donald Trump China

Nvidia, which makes up 92 percent of the global GPU market, and Advanced Micro Devices (AMD), which has the remaining 8 percent, have reached a deal with the Trump administration. They'll get export licenses for the sale of certain chips to China in exchange for 15 percent of the revenues generated by the sales, reports the Financial Times.

"No US company has ever agreed to pay a portion of their revenues to obtain export licences," the paper notes.

The deal comes on the heels of Nvidia CEO Jensen Huang's meeting with President Donald Trump last Wednesday regarding the export controls imposed by the Bureau of Industry and Security (BIS).

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