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- Aug 11 Nvidia and AMD will "share" 15% of revenue on high end chip sales to China with the US government
Aug 11 Nvidia and AMD will "share" 15% of revenue on high end chip sales to China with the US government
$MNDY $SE $NOW
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“The good part is that now without restrictions, both $AMD ( ▼ 0.81% ) and $NVDA ( ▼ 0.14% ) can sell to the large markets in China and South Asia. Will this be the same for other things to Iran, Korea and other countries?” 😊 😋

Markets were mostly muted on the day on no news
Nvida and AMD agreed to an “export tax” - something constitutionally prohibited of 15% of all their sales in new high end chips to China. This 15% will be given to the US government. I suspect this will quickly become a standard for more companies.
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