‘It’s an old chip,’ U.S. President Donald Trump said of the H20 chip, calling it ‘obsolete.’ ‘China already has it in a different form, different name.’
President Donald Trump confirmed that chipmakers Nvidia and Advanced Micro Devices (AMD) will pay a fee to the U.S. government in exchange for export licenses to ship vital artificial intelligence chips to China.
At an Aug. 11 press briefing, Trump told reporters that the tech juggernauts will be charged a 15 percent fee on revenues from their chip sales to China, contingent upon receiving U.S. export licenses.
