Trump said he first demanded 20% of Nvidia’s China sales
The post Trump said he first demanded 20% of Nvidia’s China sales appeared on BitcoinEthereumNews.com. Donald Trump said on Monday that he started negotiations with Nvidia, demanding a 20% cut of its sales to China, but agreed to 15% after CEO Jensen Huang personally met him at the White House. The deal gives the chipmaker export control licenses so it can resume selling its China-specific H20 chip. The meeting between Trump and Huang happened on Friday, just days before the announcement. Trump told reporters in Washington that his initial 20% demand was tied to signing off on the exports. Huang’s talks with him brought the rate down to 15%. The agreement is part of a broader plan to control which U.S.-made AI chips can be sold to China while still letting companies compete for business there. Trump confirmed that Advanced Micro Devices (AMD) will pay the same 15% to export its Instinct MI308 chip to China under similar terms. Trump rejects unrestricted Blackwell exports to China Trump described the H20 as “an old chip that China already has” and called it “obsolete.” He compared it to Nvidia’s current top product, the Blackwell chip, and made clear it would not be approved for export without heavy restrictions. He said any Blackwell sold to China would need its performance cut by 30% to 50%. “The Blackwell is super-duper advanced. I wouldn’t make a deal with that,” Trump said, adding that a “somewhat enhanced in a negative way” version could be possible. He claimed Blackwell is “the latest and the greatest in the world” and that no one else would have it for at least five years. The administration’s export rules are aimed at blocking China from getting AI chips that could speed up its AI capabilities enough to surpass the U.S. in certain technologies. Trump also said China already has chips similar to the H20. Huang has…
The post Trump said he first demanded 20% of Nvidia’s China sales appeared on BitcoinEthereumNews.com.
Donald Trump said on Monday that he started negotiations with Nvidia, demanding a 20% cut of its sales to China, but agreed to 15% after CEO Jensen Huang personally met him at the White House. The deal gives the chipmaker export control licenses so it can resume selling its China-specific H20 chip. The meeting between Trump and Huang happened on Friday, just days before the announcement. Trump told reporters in Washington that his initial 20% demand was tied to signing off on the exports. Huang’s talks with him brought the rate down to 15%. The agreement is part of a broader plan to control which U.S.-made AI chips can be sold to China while still letting companies compete for business there. Trump confirmed that Advanced Micro Devices (AMD) will pay the same 15% to export its Instinct MI308 chip to China under similar terms. Trump rejects unrestricted Blackwell exports to China Trump described the H20 as “an old chip that China already has” and called it “obsolete.” He compared it to Nvidia’s current top product, the Blackwell chip, and made clear it would not be approved for export without heavy restrictions. He said any Blackwell sold to China would need its performance cut by 30% to 50%. “The Blackwell is super-duper advanced. I wouldn’t make a deal with that,” Trump said, adding that a “somewhat enhanced in a negative way” version could be possible. He claimed Blackwell is “the latest and the greatest in the world” and that no one else would have it for at least five years. The administration’s export rules are aimed at blocking China from getting AI chips that could speed up its AI capabilities enough to surpass the U.S. in certain technologies. Trump also said China already has chips similar to the H20. Huang has…
What's Your Reaction?
