Bessent Sees Nvidia, AMD China Agreements as a Model for Others

Treasury Secretary Scott Bessent said the recent deal to allow Nvidia Corp. and Advanced Micro Devices Inc. to resume lower-end AI chip sales to China, on the condition they give the US government a 15% cut of the related revenue, could serve as a model for others.

“I think we could see it in other industries over time,” Bessent said Wednesday in a television interview on Bloomberg Surveillance. “Right now, this is unique, but now that we have the model and the beta test, why not expand it?”