Surfing.
Over the weekend, Nvidia and Advanced Micro Devices (AMD) entered into an unprecedented “pay-to-play” agreement with the US government whereby they will be allowed to continue to deal with China as much as they want so long as they kick back 15% of all revenues generated there to the Treasury, making a total mockery of the idea (that Wall Street never believed anyhow) that chip export prohibitions have ever had anything to do with national security concerns, fentanyl, creating American jobs or any other such poppycock.
This kind of purely transactional arrangement, which directly takes money…
The skinny
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