US demands cut of Nvidia sales in order to ship AI chips to China

The Verge
By Emma RothAug 11, 2025, 10:54 am169 pts
The Trump administration has ordered Nvidia and AMD to pay the federal government a 15 percent cut of their AI chip sales revenue to China, according to reports from The New York Times and The Financial Times. Nvidia CEO Jensen Huang reportedly reached an agreement with President Donald Trump just days before…

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