Nvidia and AMD have agreed to share 15% of their chip sales in China with the U.S. government in a new export revenue-sharing deal. Treasury Secretary Scott Bessent supports this model, suggesting it could be replicated in other industries. The agreement allows Nvidia's H20 accelerator chips and AMD's MI308 processors to be exported to China, aligning with U.S. export controls. Bessent stated the revenue from these sales could help pay down the national debt, potentially benefiting taxpayers if successful. This move diverges from previous bans on advanced chip sales to China.
"I think we could see it in other industries over time. Right now, this is unique, but now that we have the model and the beta test, why not expand it?"
"The revenue collected from the chip sales would go directly to paying down the national debt, and hinted at the possibility of channeling additional funds to taxpayers if the program proves successful."
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