The tech industry is reeling from President Trump’s surprising new deal with Nvidia. Earlier this week, Trump said he would allow the company to continue selling its H20 chips to China in exchange for a 15 percent share of the revenues.
“The H20 is obsolete. You know, it’s one of those things, but it still has a market,” Trump said at a press conference on Monday. “So we negotiated a little deal.”
The unusual and legally dubious arrangement is a striking reversal for the Trump administration, which banned all H20 sales to China earlier this year. The president reportedly changed his mind about the issue
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