U.S. Treasury Secretary Scott Bessent said in a Fox Business interview on Wednesday that Washington is not considering taking an equity stake in Nvidia, arguing the chipmaker does not require government financial support. The remark contrasts with the administration’s recent acquisition of about 10% of Intel and its earlier intervention in U.S. Steel, moves officials said were aimed at safeguarding strategic industries. Separately, Nvidia disclosed in a quarterly filing that unnamed U.S. government officials have "expressed an expectation" that the government will receive 15% of the revenue generated from licensed sales of the company’s H20 artificial-intelligence chips to Chinese customers. The filing added that, so far, no regulation has been issued to codify such a requirement. Chief Financial Officer Colette Kress told analysts the company will not make any payment until a formal rule is in place and warned that any demand for a revenue share could spur litigation, raise costs and erode Nvidia’s competitive position. Nvidia has export licences for the lower-powered H20 processors but has yet to record sales under the prospective scheme, leaving the financial impact and legal framework uncertain.
An unconventional plan by the Trump administration to charge a 15% commission on Nvidia AI chip sales to China hasn’t progressed beyond the early stages and could pose legal risks, according to the company https://t.co/1igMYDI8VF
From Nvidia CFO interview last night: "I have been very clear. In order for that money to go out, guess who has to approve that? That's point number 1. Point number 2: When I When I first heard it, I said I am sorry where's the regulation? I said no wired money goes out of this https://t.co/aS5RhfPMQL
Nvidia CFO Colette Kress says the US hasn't outlined its plan for a 15% China commission, Nvidia won't pay until it has it, and it can sell AI chips without it (Bloomberg) https://t.co/yPXdTS3gm8 https://t.co/r2fyba7vHj 📫 Subscribe: https://t.co/OyWeKSRpIM