I just don’t get this. Anybody want to take a shot at explaining how this kind of private/public profit-sharing fits into the vision of the capitalist-in-chief?
Nvidia and AMD are reportedly handing over 15% of their China-bound chip revenues (H20 and MI308, respectively) to the U.S. government in exchange for export licenses that had previously been denied on national security grounds. No word yet on what the government plans to do with the money.
The deal effectively clears the way for billions in chip sales to China, despite earlier restrictions—and sets a pretty wild precedent for direct federal revenue participation in corporate exports. Markets didn’t exactly cheer: NVDA and AMD both dipped slightly in premarket.
Nvidia and AMD are reportedly handing over 15% of their China-bound chip revenues (H20 and MI308, respectively) to the U.S. government in exchange for export licenses that had previously been denied on national security grounds. No word yet on what the government plans to do with the money.
The deal effectively clears the way for billions in chip sales to China, despite earlier restrictions—and sets a pretty wild precedent for direct federal revenue participation in corporate exports. Markets didn’t exactly cheer: NVDA and AMD both dipped slightly in premarket.