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Nvidia and AMD have agreed to pay the US government 15% of their revenues from semiconductor sales to China in exchange for export licenses, an unprecedented quid pro quo arrangement aimed at solidifying America’s AI business dominance while maintaining trade ties with China. “This industrial policy of taxing a specific company to have the right granted by the government to ship product to a specific country that, for lack of better words, is a little funky chicken,” said CNN contributor Kevin O’Leary. #CNN #News
