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Nvidia & AMD Strike Deal: 15% of Chip Revenue Now Flows to US Treasury
Nvidia & AMD Strike Deal: 15% of Chip Revenue Now Flows to US Treasury
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Silicon giants Nvidia and AMD just opened their wallets—and Washington's grinning. The chipmakers agreed to hand over 15% of their semiconductor revenue to the US government, a move that's got Wall Street buzzing and tech analysts rolling their eyes.
Why the sudden patriotism? Rumors swirl about preferential treatment on next-gen AI chip contracts—because nothing says 'free market' like a backroom deal with Uncle Sam.
Meanwhile, crypto miners are sweating: those juicy GPU margins just got 15% leaner. Guess the real 'proof of work' was lobbying all along.
Nvidia and AMD have agreed to give the U.S. government 15% share of revenues from certain chips sold in China, the Financial Times reported, in an unprecedented arrangement with the WHITE House. Read More
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