"Zoom in: The 15% revenue split is also riddled with confusion. In a filing, the company wrote that any revenue split with the government "may subject us to litigation, increase our costs, and harm our competitive position and benefit competitors that are not subject to such arrangements." Between the lines: The Trump administration is harming Nvidia's competitive advantage, according to the filing."
"There are plenty of other examples this year of Trump telling businesses how to do business: 💰 Trump said Intel's CEO should resign before the U.S. took a 10% stake in the company. 📲 Apple was squeezed for another $100 billion investment commitment to avoid huge tariffs for not making its phones in the U.S. 🏭 U.S. Steel had to hand over a golden share to Trump's personal control to reverse the rejection of its sale to Nippon Steel."
Nvidia reported zero H20 chip sales to China for the quarter. CEO Jensen Huang said China represents a $50 billion untapped market. Nvidia's CFO said the company could earn up to $5 billion more next quarter if export restrictions are lifted. A reported 15% revenue split is described as riddled with confusion, and the company warned that revenue-sharing with the government "may subject us to litigation, increase our costs, and harm our competitive position." Multiple instances are cited of presidential pressure on companies, and business leaders emphasize the need for regulatory clarity to enable planning and competitiveness in AI.
Read at Axios
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