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Nvidia Strikes $3 Billion Deal with Trump Administration to Resume China Chip Sales
Nvidia Strikes $3 Billion Deal with Trump Administration to Resume China Chip Sales
14
3
BTCCSquare news:
Nvidia has agreed to share up to $3 billion in revenue with the U.S. government to secure export licenses for its AI chips in China, following negotiations with the Trump administration. President Trump confirmed the arrangement, praising Nvidia CEO Jensen Huang as "a brilliant guy." The deal allows Nvidia to resume sales of its H20 chips in one of its most critical markets.
Trade policy experts have criticized the agreement as unconstitutional, likening it to export taxes. Nvidia's stock saw marginal gains on the news, while rival AMD's shares ROSE over 1%. The chipmaker declined to confirm specifics but emphasized compliance with U.S. export controls.
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