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U.S. Government to Take Cut of Nvidia and AMD A.I. Chip Sales to China

Plasmaball

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There's a word for this.

Two, actually.

Corruption and extortion.
 

Luce said:
There's a word for this.

Two, actually.

Corruption and extortion.
Click to expand...


U.S. Government to Take Cut of Nvidia and AMD A.I. Chip Sales to China (Gift Article)

In a highly unusual arrangement with President Trump, the companies are expected to kick 15 percent of what they make in China to the U.S. government.
www.nytimes.com

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 deal, which was described by three people familiar with the agreement who spoke anonymously because they didn’t have permission to discuss it publicly, comes a month after Nvidia received permission to sell a version of its artificial intelligence chips to China.

While the Trump administration publicly said a month ago that it was giving the green light to Nvidia to sell an A.I. chip called H20 to China, it did not actually issue the licenses making those sales possible.

On Wednesday, Jensen Huang, Nvidia’s chief executive, met with President Trump at the White House and agreed to give the federal government a 15 percent cut, essentially making the federal government a partner in Nvidia’s business in China, said the people familiar with the deal. The Commerce Department began granting licenses for A.I. chip sales two days later, these people said....


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Is there a contract stipulating that Nvidia and Advanced Micro Devices will fork over 15 percent of whatever China pays for their chips? When will payment be due...when the contracts with China are signed? When the items are shipped? When payment is received from China?

AND.....to whom will Nvidia and Advanced Micro Devices transfer their bribe monies?
 
Rexedgar said:
So, national security concerns can be assuaged for 15% of the gross, eh?

When will Trump make a decision on TikTok?
Click to expand...
Imagine if this was Bernie and he did tbis because folks like Amazon **** around and dont pay their taxes.

People like mycroft would be calling for bernies head.
 

Could a Trump supporter explain the tariff logic of an export tax?

Doesn’t that hurt American manufacturers that export products? Am I missing something? Isn’t the whole point to encourage exports by American manufacturers?
 

Article I, Section 9, Clause 5:

No Tax or Duty shall be laid on Articles exported from any State


Export taxes are unconstitutional.

Not only do Republicans hate capitalism, they also hate the Constitution.
 
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