Nvidia & AMD to give US govt China chip revenue: Report | Hook News Brief
Geopolitics
Utsav Parekh
11 AUG 2025 | 04:22:02
HOOK NEWS BRIEF | 11.08.25
NVIDIA & AMD TO GIVE US GOVT CHINA CHIP REVENUE: FT REPORT
On Sunday, the Financial Times reported that Nvidia and AMD had agreed to give the US government 15% of their revenues from chip sales to China. This was so the chipmakers could get export licences for semiconductors. The export licences for China were granted last week. The report says that the agreement applies to Nvidia's H20 chips and AMD's MI308 chips. The US government has reportedly not decided how it will use the money from the chip sales. The US government had banned the sale of Nvidia's H20 chips to China in April, before reversing its stance last month. H20 chips are tailor made for China, and they comply with Biden-era AI chip export controls.
ISRAEL KILLS FIVE AL JAZEERA JOURNALISTS, INCLUDING ANAS AL-SHARIF
Israel killed five Al Jazeera journalists in a targeted attack on Sunday. The victims include 28-year-old Anas al-Sharif. Al-Sharif had over 500,000 followers on Twitter, and was known for providing frontline coverage of the war and the starvation in Gaza. Israel claimed that al-Sharif was the head of a Hamas cell, and took credit for the killing. A UN expert had earlier warned that al-Sharif's life was in danger due to his reporting. UN Special Rapporteur, Irene Khan, had previously said that Israel's claims against al-Sharif were unsubstantiated. Al Jazeera says that the assassination of al-Sharif "is a desperate attempt to silence voices in anticipation of the occupation of Gaza.”
US AMBASSADOR TO NATO SAYS ZELENSKYY COULD ATTEND ALASKA SUMMIT
US President Donald Trump is scheduled to meet his Russian counterpart, Vladimir Putin, in Alaska this week, to discuss an end to the Ukraine war. The US ambassador to NATO, Matthew Whitaker, has said that it’s possible that Ukrainian President Volodymyr Zelenskyy could join the summit on Friday. This is despite Putin having said that “we are still far from creating the conditions” for a meeting with the Ukrainian President. European nations are pushing for Zelenskyy to be included in the summit. German Chancellor, Friedrich Merz, has said that neither Europe nor Ukraine would accept any deal reached between Russia and the US “over the heads of Europeans and Ukrainians.”
