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Nvidia, AMD to pay U.S. government 15% of China AI chip sales in an unusual export agreement [CBS News]

NVIDIA Corporation (NVDA)  More Company Research Source: CBS News
Last nvidia corporation earnings: 2/13 04:20 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
The Financial Times on Sunday reported that the agreement between the tech giants and the U.S. government was reached as a condition for granting export licenses for China, which were provided last week. A U.S. official confirmed the "broad strokes" of the report to CBS. The arrangement, with companies providing a stream of revenue in exchange for export licenses, is highly unusual as corporations typically do not pay the federal government a share of revenue from their export sales. Export licenses also do not carry any fees, according to shipping giant Maersk. The revenue-sharing plan comes after the White House announced in April that it would restrict sales of Nvidia's H20 chips and MI308 chips from rival chipmaker AMD to China. However, Nvidia CEO Jensen Huang last month said it had won approval from the Trump administration to sell its H20 chips to China. The H20 chip, which is specialized for artificial intelligence applications, was developed by Nvidia for the Chinese m [Read more]
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Stockreport

Nvidia, AMD to pay U.S. government 15% of China AI chip sales in an unusual export agreement [CBS News]

NVIDIA Corporation  (NVDA) 
More Company Research Source: CBS News
Last nvidia corporation earnings: 2/13 04:20 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
The Financial Times on Sunday reported that the agreement between the tech giants and the U.S. government was reached as a condition for granting export licenses for China, which were provided last week. A U.S. official confirmed the "broad strokes" of the report to CBS. The arrangement, with companies providing a stream of revenue in exchange for export licenses, is highly unusual as corporations typically do not pay the federal government a share of revenue from their export sales. Export licenses also do not carry any fees, according to shipping giant Maersk. The revenue-sharing plan comes after the White House announced in April that it would restrict sales of Nvidia's H20 chips and MI308 chips from rival chipmaker AMD to China. However, Nvidia CEO Jensen Huang last month said it had won approval from the Trump administration to sell its H20 chips to China. The H20 chip, which is specialized for artificial intelligence applications, was developed by Nvidia for the Chinese m [Read more]
IMPACT SNAPSHOT
EVENT TIME:
NVDA
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS