๐จ Breaking News: Nvidia ($NVDA) & AMD to Pay 15% of China Chip Revenue to US Government ๐บ๐ธ๐จ๐ณ
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.
๐น Why? The move aims to limit Chinaโs access to advanced AI & computing chips while compensating the US for lost tech exports.
๐น Impact: Could raise costs for Chinese firms and reshape global chip supply chains.
๐น Market Reaction? Investors watching closelyโcould affect $NVDA, AMD, and broader semiconductor sector.
๐ Whatโs next? More US-China tech tensions ahead? Stay tuned for updates!