Report that Nvidia, AMD to pay 15% export tax to US govmnt getting extra broadly reported

The Monetary Occasions has reported that Nvidia and AMD have struck a take care of the US authorities handy over 15% of their income from chip gross sales in China, in alternate for export licences for these semiconductors.

I posted on this earlier:

• Stories that Nvidia and AMD to pay 15% of China chip sale revenues to US authorities
• US fairness index futures are about to open – to HUGE information … not in a great way

CNBC, amongst others, is selecting it up now.

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