The deals that allows Nvidia and Advanced Micro Devices (AMD) to sell to China certain advanced chips specifically designed to adhere to export restrictions to the communist nation—while paying a cut to the U.S. government—could be expanded to other companies, the White House said on Tuesday.
Under the deals, which President Donald Trump confirmed on Monday, Nvidia and AMD agreed to pay 15 percent of their revenues from China H20 chip sales to the government, in exchange for U.S. export licenses.
Speaking in a press briefing, White House Press Secretary Karoline Leavitt said: “It stands with these two companies, perhaps it could expand in the future to other companies. I think it’s a creative idea and solution.”…
Nvidia’s China Chip Sale Deal Could Be Expanded to Other Companies: White House
