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770 Bessent sees Nvidia, AMD China agreements as a model for others

Silicon Valley
Bloomberg @ Silicon Valley · 08/13/2025 12:27 EDT

Bessent sees Nvidia, AMD China agreements as a model for others

Treasury Secretary Scott Bessent said the recent deal to allow Nvidia Corp. and Advanced Micro Devices Inc. to resume lower-end AI chip sales to China, on the condition they give the US government a 15% cut of the related revenue, could serve as a model for others.

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