Bloomberg Tech Nvidia, AMD AI Deal, Intel CEO to Meet Trump
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Aug 11, 2025 Reva Goujon, Director at Rhodium Group, offers insights into the significant Nvidia and AMD agreement, requiring them to pay 15% of AI chip sales to the U.S. from China. She discusses the interplay of national security and trade policies amid tensions with China. The conversation touches on Intel CEO Lip-Bu Tan's impending meeting with Donald Trump and the strategic challenges posed by regulatory hurdles in accessing the Chinese market. This dynamic underscores the critical financial stakes for tech giants navigating these geopolitical landscapes.
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Government Extracts Cut For China Chip Sales
- Nvidia and AMD agreed to pay 15% of China AI chip revenues to the U.S. in exchange for export licenses.
- The deal represents an unprecedented quid pro quo that shifts the government's role in the semiconductor industry.
Export Levy Raises Constitutional Questions
- The reported arrangement raises constitutional questions about imposing export duties under Article I, Section 9.
- Reva Goujon frames the move as unorthodox and symptomatic of a highly transactional administration.
China Holds Critical Levers Over Chip Supply
- China retains leverage via critical raw materials and rare earth licensing that affect global chip supply chains.
- Reva Goujon warns Beijing can use those levers in trade and technology negotiations to pressure the U.S.