AMD chief says company ready to pay 15% tax on AI chip shipments to China

SAN FRANCISCO, Dec 4 (Reuters) – Advanced Micro Devices CEO Lisa Su on Thursday said the company has licenses to ship some of its MI 308 chips to China and is prepared to pay a 15% tax to the U.S. government if it ships them.

Su made the remarks at a conference held by technology publication Wired in San Francisco.

U.S. President Donald Trump in August said his administration had reached a deal with Nvidia and AMD under which they could resume shipping some chips to China in exchange for paying a 15% fee, a move some legal experts argued could violate the U.S. Constitution’s ban on taxing exports.

(Reporting by Max Cherney in San Francisco, writing by Stephen Nellis in San Francisco, editing by Chris Reese)