Advanced Micro Devices CEO Lisa Su announced on Thursday that the company is prepared to pay a 15% tax to the U.S. government on shipments of some of its AI chips to China. Speaking at a conference in San Francisco, Su confirmed that AMD has secured licenses to export certain MI 308 chips to the region. This statement addresses the ongoing trade dynamics and U.S. government policies regarding technology exports to China. The willingness to incur a significant tax suggests AMD's strategic intent to maintain its presence in the critical Chinese market for artificial intelligence hardware, despite the complex regulatory environment. No significant market reaction was immediately noted in the available reports.
AMD CEO Confirms Readiness to Pay 15% Tax on AI Chip Shipments to China