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Pay-to-Play? Trump Slaps 15% “Export Tax” on Big Tech’s China AI Chips
Nvidia and AMD have reportedly agreed to pay the U.S. government a 15% cut of their revenue from their specialized chip sales in China, in a deal so unconventional the business world is still reeling. The arrangement, effectively a new kind of “export tax,” is an unprecedented move that ends a months-long blockade and reopens one of the world’s...
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