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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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[–] 49 points 1 year ago (7 children)

So taxes?

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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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  • [–] 18 points 1 year ago

    Taxing individual companies rather than all people/companies. So if the chips are cheaper to make over seas, and servers are cheaper to assemble over seas, and they can get taxed less by existing over seas.. why wouldn't they just move their entire operation over seas at that point.

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  • [–] 4 points 1 year ago (2 children)

    That is pretty unusual now that I think about it...

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  • [–] [S] 7 points 1 year ago* (1 child)

    On Wednesday, Jensen Huang, Nvidia’s chief executive, met with President Trump at the White House and agreed to give the federal government its 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.

    Sounds very unusual, so Nvidia is giving a kickback to the White House? No matter how I look at it, I can't see how this isn't a conflict of interest. I'm quite certain that someone will say the 15% kickback will be used in R&D etc to stay ahead the competitors but where do you draw the line between revenues and national interest?

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    • [–] 14 points 1 year ago

    He's a master of 1-D tic-tac-toe.

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    [–] 6 points 1 year ago

    Fuck yo margins bitch.

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    [–] 1 point 1 year ago

    Absolute cancer of a meat bag probably thinks he just invented taxes.

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    5 comments in c/world@lemmy.world view that post
    [–] 10 points 1 year ago (2 children)

    Isn't this just a tax? Probably a badly designed one, and I'm sure it breaks the Constitution, but otherwise what's the big deal?

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  • [–] 10 points 1 year ago

    Taxes are bad cause they pay for public infrastructure, schools, and all kinds of public goods. That's gross disgusting communism.

    This is extortion protection money that all goes into Trump's pockets. This is glorious amazing capitalism with a Christ seal of approval, so its good.

    (Ya, I don't get it either. Sounds like a tax to me too)

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    • [–] 3 points 1 year ago

    WTAF?

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    [–] 2 points 1 year ago

    This was an option?

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