The Trump administration, seemingly overnight, has created a new way for the government to cash in on its tech industry: The semiconductor giants Nvidia and AMD have agreed to give Washington a 15 percent cut of their revenues from AI chip sales to China, in exchange for permission to resume those sales after they had been curbed in April.
The deal, first reported by The Financial Times and confirmed by President Donald Trump Monday, marks a stunning change to America’s current global tech policy, and the quest for “AI dominance,” as the president puts it.
