U.S. GOVERNMENT IMPOSES FEE ON NVIDIA, AMD EXPORTS TO CHINA

Summary from the TLDR AI newsletter

The US government will levy a 15% fee on some of Nvidia's and AMD's chip sales to China as a condition of granting them export licenses to sell in the country. The deal applies specifically to Nvidia's H20 chip and AMD's MI308, which are both crucial to AI applications. It is unclear how the government will deploy the presumed billions of dollars in fees it will collect. Nvidia says that being blocked from selling its chips to China cost the company $4.5 billion in one quarter alone.