The White House said it is open to extending the revenue-sharing agreements struck with Nvidia and Advanced Micro Devices to other semiconductor manufacturers. Press secretary Karoline Leavitt called the arrangement — under which both chipmakers remit 15% of revenue from sales of certain advanced processors to China — a “creative idea” that could be broadened. Treasury Secretary Scott Bessent told Bloomberg Television the deal was devised by former President Donald Trump and described it as a “unique solution” that could eventually be applied in other sectors. Bessent said the government will use its share of the proceeds to pay down U.S. debt and that taxpayers already benefit from Nvidia’s China sales. Bessent added that the chips involved do not raise national-security concerns but signaled Washington will consult Beijing on their use. He stressed the United States does not want global technology standards to become “Chinese” and suggested similar revenue-sharing structures might be considered elsewhere over time.
"We do not want the standard to become Chinese across the world, or even in China." US Treasury Secretary Scott Bessent tells @FerroTV and @annmarie the agreement for Nvidia to share revenues from sales of its H20 chip in China is a "unique solution" that could be expanded over https://t.co/dIk7vq6UCe
Bessent floats prospect of rolling out Nvidia-type deal to other industries https://t.co/nVbrab16XA
Bessent floats prospect of rolling out Nvidia deal to other industries https://t.co/9jZisJFIBa