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Treasury Secretary Scott Bessent has praised the 15% revenue-sharing agreement between the U.S. government and chip giants Nvidia and AMD.
The administration first highlighted that the chips had been suitably "tailored", leaving no room for security concerns. When ...
Nvidia and its competitor Advanced Micro Devices Inc. (AMD) were reportedly to agree to pay part of their revenue from China ...
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 ...
Crypto campaign cash is looming over former Banking Chair Sherrod Brown’s Senate comeback bid in the Buckeye State.
Treasury two-year yields dropped five basis points to 3.68%. The dollar fell against most major currencies. While the S&P 500 ...
Days before winning his second presidential term, Donald Trump made a bold promise: if he returned to the White House, he ...
For years, the US has restricted the sale of powerful AI chips to China. But Trump is letting sales of less-advanced chips happen.
“We’re not going to be buying that, but we are going to use confiscated assets and continue to build that up,” Bessent said ...
The treasury secretary is delayed in complying with a conflict-of-interest agreement to divest certain investments, including ...