“Nvidia and Advanced Micro Devices are expected to pay the United States 15 percent of the money they take in from selling artificial intelligence chips to China, as part of a highly unusual financial agreement with the Trump administration,” the New York Times reports.
“There are few precedents for the Commerce Department agreeing to grant licenses for exports in exchange for a share of revenue. But the unorthodox payments are consistent with Mr. Trump’s increasingly interventionist role in international business deals involving American companies.”
Wall Street Journal: “It is unusual for companies to essentially pay for export licenses. The agreements follow criticism from national-security hawks who fear the chips and other technology will boost China’s AI ecosystem and military.”
CNBC: “The arrangement comes as President Donald Trump’s tariffs continue to reverberate through the global economy, underscoring the White House’s willingness to carve out exceptions as a bargaining tool.”
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