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AMD Stock Rallies After US Clears China AI Chip Sales With 15% Cut To Washington
benzinga.com/markets/tech/25/08/47035987/amd-stock-rallies-after-us-clears-china-ai-chip-sales-with-15-cut-to-washington
Advanced Micro Devices (NASDAQ:AMD) shares climbed Monday after the chipmaker agreed to pay 15% of its China AI chip sales revenue to the U.S. government in exchange for export licenses for its MI308 processors.
The Trump administration imposed the condition amid security concerns over…
This story appeared on benzinga.com, 2025-08-11 15:46:25.