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Bessent sees 15% cut on Nvidia, AMD AI chip sales to China

Nvidia, AMD to pay U.S. government 15% of China AI chip sales in an unusual export agreement

The agreement between the chipmakers and the U.S. government will allow Nvidia and AMD to obtain export licenses to resume sales to China.

Bloomberg on MSN · 2d

Bessent sees 15% cut on Nvidia, AMD AI chip sales to China as a model for others

Treasury Secretary Scott Bessent said the recent deal to allow Nvidia Corp. and Advanced Micro Devices Inc. to resume lower-end AI chip sales to China, on the condition they give the U.S.

Seeking Alpha on MSN · 1d

Nvidia, AMD's China AI chip sales deal with US a bullish sign for AI related tech stocks: Wedbush

Wedbush said the U.S. deal to allow Nvidia (NVDA) and AMD (AMD) to secure export licenses to sell their AI chips in China "takes down a key barrier of growth in the AI Revolution."

'I would bet on...', AMD CEO Lisa Su says AI won’t cause massive job losses

AMD CEO Lisa Su rejects predictions of mass job losses from AI, emphasising its potential to improve productivity, solve complex problems, and transform industries such as healthcare, while affirming ...

AMD: Winner In The Age Of Physical AI

AMD's chiplet innovation and Xilinx acquisition fuel data center growth and AI advances, challenging Nvidia. Read here for ...

NewsBytes5h

AI won't take jobs, but will boost productivity: AMD's Su

AMD CEO Lisa Su rejects the notion that artificial intelligence will cause widespread job losses, instead believing it will enhance productivity and solve complex problems.