Foxconn, formally known as Hon Hai Precision Industry, on Thursday said cloud and networking products—including AI servers—accounted for 41% of its second-quarter revenue, overtaking smart consumer electronics as its biggest business. Foxconn is projecting more than 170% growth in revenue from AI servers in the current quarter.

Nvidia and AMD will be required to give the U.S. 15% of their China chip sales, reflecting new measures on tech trade and national security.

C hina is discouraging firms from buying Nvidia’s H20 AI chip despite its role in trade negotiations with the U.S., as Chinese authorities fear reliance on U.S. technology and p

Nvidia stock would benefit from being permitted sales to China, but the deal with the Trump administration is likely to face legal scrutiny.

The U.S. government’s unprecedented 15% revenue-sharing agreement with Nvidia and AMD on Chinese chip sales could be coming to a company near you. U.S. Treasury Secretary Scott Bessent called it a “beta test” in a Bloomberg TV interview yesterday,

Trump’s deals requiring Nvidia and AMD to pay 15 percent of AI chip sales in China to the U.S. government challenge norms in trade and national security policy.