US fairness index futures are about to open – to HUGE information … not in a great way

I posted the information right here from the Monetary Occasions:

• Experiences that Nvidia and AMD to pay 15% of China chip sale revenues to US authorities

Extra in that article.

The gist is:

• Nvidia and AMD have struck a cope with the US authorities handy over 15% of their income from chip gross sales in China, in alternate for export licences for these semiconductors.
• The association, agreed with the Trump administration and permitted final week, was a situation for gaining permission to promote into the Chinese language market

The Monetary Occasions cite the data is in response to folks conversant in the matter, together with a US official.

This text was written by Aaron Cutchburt at investinglive.com.