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 15% cut of the related revenue, could serve as a model for others.
“I think we could see it in other industries over time,” Bessent said Wednesday in a television interview on Bloomberg Surveillance. “Right now, this is unique, but now that we have the model and the beta test, why not expand it?”
Bessent credited President Donald Trump with the “very unique solution” of ...
