🚨 Breaking News: Nvidia ($NVDA) & AMD to Pay 15% of China Chip Revenue to US Government 🇺🇸🇨🇳
According to the Financial Times, Nvidia and AMD have agreed to pay 15% of their Chinese semiconductor sales revenue to the US government as part of new trade restrictions.
🔹 Why? The move aims to limit China’s access to advanced AI & computing chips while compensating the US for lost tech exports.
🔹 Impact: Could raise costs for Chinese firms and reshape global chip supply chains.
🔹 Market Reaction? Investors watching closely—could affect $NVDA, AMD, and broader semiconductor sector.
📌 What’s next? More US-China tech tensions ahead? Stay tuned for updates!