Antonio Bordunovi
Seeking Alpha’s roundup of statements, announcements and remarks that could impact the technology sector.
- Advanced Micro Devices (NASDAQ:AMD) and Nvidia (NASDAQ:NVDA) have reportedly agreed to give 15% of the revenues generated by Chinese sales of their chips to the U.S. government.
President Trump told reporters Monday that the agreement will cover Nvidia’s H20 AI chips. Bloomberg reported that an unnamed source said the deal will also cover AMD’s MI308 chip.
“We follow rules the U.S. government sets for our participation in worldwide markets. While we haven’t shipped H20 to China for months, we hope export control rules will let America compete in China and worldwide,” a Nvidia spokesperson told Seeking Alpha.
- Trump also said he was open to Nvidia (NASDAQ:NVDA) selling a less advanced version of its new Blackwell chip to China.
“It’s possible I’d make a deal” on a “somewhat enhanced — in a negative way — Blackwell,” Trump told reporters Monday, according to Bloomberg. “In other words, take 30% to 50% off of it.”
- Sequoia Capital’s Michael Moritz called for Intel’s (NASDAQ:INTC) board to continue backing CEO Lip-Bu Tan, despite accusations by President Trump that Tan was “highly conflicted” and needed to resign over his alleged ties to Chinese companies.
“While presidents have sometimes expressed their outrage about the behavior of a corporate sector, Trump’s assault has no modern precedent,” Moritz wrote in an opinion piece published by the Financial Times.
Calling Tan a “much-admired figure in Silicon Valley,” Moritz said that the last thing Tan needed was to be “distracted by a vindictive political sideshow” while he attempts to execute a turnaround of the beleaguered chipmaker.
“Now the Intel board must decide whether to march to the beat of so many other corporate leaders and capitulate to the president’s artless bullying or to set an example for other companies and display some backbone. Early signs of defiance are encouraging,” Moritz added.