
Nvidia, AMD to pay U.S. authorities 15% of China AI chip gross sales in an uncommon export settlement
U.S. chipmakers Nvidia and AMD can pay the U.S. authorities 15% of income generated by gross sales of their AI chips in China, a White Home official confirmed to CBS Information. The Monetary Occasions on Sunday reported that the settlement between the tech giants and the U.S. authorities was reached as a situation for granting export…