Kevin O’Leary: 15% export tax on Nvidia, AMD chips ‘a type of blackmail’
Nvidia and AMD have agreed to pay the US authorities 15% of their revenues from semiconductor gross sales to China in alternate for export licenses, an unprecedented quid professional quo association aimed toward solidifying America’s AI enterprise dominance whereas sustaining commerce ties with China. "This industrial policy of taxing a specific company to have the right granted by the government to ship product to a specific country that, for lack of better words, is a little funky chicken," stated CNN contributor Kevin O’Leary. #CNN #News