Nvidia and AMD have agreed to give the U.S. government 15% of revenue from sales to China of advanced computer chips in an unusual move likely to faze American companies.
Read More Nvidia, AMD to pay 15% of China chip sale revenue to US, official says
The White House reflected on President Donald Trump’s second term on his 200th day in office, with Press Secretary Karoline Leavitt congratulating Trump for delivering “on every single major campaign promise.”
Read More GOP admin celebrates 200-day mark with triumphant showcase of major achievements
A 36-year-old Somalian-American man has been sentenced to 28 years in prison in connection with a $300 million COVID-19 pandemic-era fraud case known as “Feeding our Future.”
Read More ‘Feeding our Future’ defendant sentenced to 28 years in prison for COVID-era scam
President Donald Trump signed an executive order on Wednesday imposing an additional 25% tariff on Indian goods, citing India’s continuous purchasing of Russian oil. This raises the total tariffs on Indian imports to 50%.
Read More Trump imposes additional 25% tariff on India for purchasing more Russian oil, bringing total levies to 50%
Two Southern California residents have been arrested for allegedly illegally exporting “tens of millions of dollars’ worth of sensitive microchips used in artificial intelligence (AI) applications” to China.
Read More DOJ: 2 Chinese nationals arrested for allegedly illegally sending AI chips to China
White House Deputy Chief of Staff Stephen Miller accused India of effectively funding Russia’s war in Ukraine by continuing to purchase Russian oil, despite U.S. tariffs imposed in response.
Read More Stephen Miller accuses India of financing Russia’s war in Ukraine