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U.S. Government to Take Cut of Nvidia and AMD A.I. Chip Sales to China (www.nytimes.com)
submitted 1 year ago by to c/technology@lemmy.world
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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.

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[–] 23 points 1 year ago (1 child)

But taxes don't come out of the blue, there's a tax code. This sounds like someone in the Trump admin just negotiated a quid pro quo agreement.

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