U.S. Government to Take Cut of Nvidia and AMD A.I. Chip Sales to China (www.nytimes.com)
from zero@fek.xyz to world@lemmy.world on 11 Aug 01:19
https://fek.xyz/m/world@lemmy.world/t/6403

In a highly unusual arrangement with President Trump, the companies are expected to kick 15 percent of what they make in China to the U.S. government.

#world

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Professorozone@lemmy.world on 11 Aug 02:52 next collapse

WTAF?

No_Eponym@lemmy.ca on 11 Aug 03:23 next collapse

Isn’t this just a tax? Probably a badly designed one, and I’m sure it breaks the Constitution, but otherwise what’s the big deal?

TheAgeOfSuperboredom@lemmy.ca on 11 Aug 04:34 next collapse

Taxes are bad cause they pay for public infrastructure, schools, and all kinds of public goods. That’s gross disgusting communism.

This is extortion protection money that all goes into Trump’s pockets. This is glorious amazing capitalism with a Christ seal of approval, so its good.

(Ya, I don’t get it either. Sounds like a tax to me too)

MonsterMonster@lemmy.world on 11 Aug 05:07 collapse

It sounds more like racketeering. The export of the AI chips to China was banned as a security measure. Pay the 15% and the security issue disappears.

prole@lemmy.blahaj.zone on 11 Aug 03:37 collapse

This was an option?