Air Freight News

AMD chief says company ready to pay 15% tax on AI chip shipments to China

Advanced Micro Devices CEO Lisa Su on Thursday said the company has licenses to ship some of its MI 308 chips to China and is prepared to pay a 15% tax to the U.S. government if it ships them.

Su made the remarks at a conference held by technology publication Wired in San Francisco.

AMD CEO Lisa Su makes the opening speech at COMPUTEX forum in Taipei, Taiwan June 3, 2024. REUTERS/Ann Wang

U.S. President Donald Trump in August said his administration had reached a deal with Nvidia and AMD under which they could resume shipping some chips to China in exchange for paying a 15% fee, a move some legal experts argued could violate the U.S. Constitution's ban on taxing exports.


Reuters
Reuters

Similar Stories

https://www.ajot.com/images/uploads/article/AI_Middle-East-Conflict_insight.jpg
AI vertical among those most exposed to Middle East conflict
View Article
https://www.ajot.com/images/uploads/article/Signal_14_1.png
Signal Ocean Spotlight: Iron Ore – Disconnect between Chinese iron ore imports and steel production widens
View Article
https://www.ajot.com/images/uploads/article/global_softwood_markets.png
Europe and Russia: A region of contrasts shaping global softwood markets
View Article
https://www.ajot.com/images/uploads/article/American_Trailer_Manufacturers_Coalition.png
American Trailer Manufacturers Coalition applauds affirmative preliminary determination from DOC in AD/CVD trade case
View Article
DOE’s Office of Critical Minerals and Energy Innovation announces $134 million to bolster rare earth element supply chains

Selected projects will strengthen domestic rare earth supply chains, reduce reliance on foreign sources, and improve U.S. energy security.

View Article
https://www.ajot.com/images/uploads/article/Holly_McDade.jpeg
Merlo America welcomes new finance manager to support continued growth
View Article