Name: 專家如何看待英偉達和 AMD 向美國政府支付中國人工智能芯片銷售額的 15%？ (What experts say about Nvidia and AMD paying the U.S. government 15% of China AI chip sales)
Uploaded: 2025-08-16T16:15:04.000Z
Duration: 3 min 24 s

Today's top corporate story reports say NVIDIA and AMD have agreed to give the U.S. government 15 percent of the revenue that they generate from exporting AI chips to China.

今天的頭條企業新聞報道稱，英偉達（NVIDIA）和 AMD 已同意將其向中國出口人工智能芯片所得收入的 15% 分給美國政府。

In return the companies will receive export licenses to sell chips in China.

作為回報，這些公司將獲得在中國銷售芯片的出口許可證。

情態副詞

I think from NVIDIA's perspective you know the potential of not shipping anything in China or shipping to China with this 15 percent deal is clearly a better situation for them.

我認為，從英偉達的角度來看，不在中國出貨或不向中國出貨的可能性與這 15% 的交易對他們來說顯然是更好的選擇。

But it obviously calls into question what's what's the national security concern here.

但這顯然讓人質疑，這裡的國家安全問題到底是什麼。

So it's one of the questions we have is is AMD able to absorb that 15 percent in the same way NVIDIA has.

是以，我們面臨的一個問題是，AMD 是否能像英偉達一樣吸收這 15% 的份額。

And therefore you know that that sort of export tax or whatever you want to call it may benefit NVIDIA more than it benefits AMD because you know they they're in a better position from a margin standpoint.

是以，不管是出口稅還是其他什麼稅，對英偉達的好處都可能大於對 AMD 的好處，因為從利潤率的角度來看，英偉達處於更有利的地位。

As an investor you're worried because then is this an arbitrary decision by the government.

作為投資者，你會擔心這是否是政府的武斷決定。

Does every president get to play kingmaker in terms of these deals.

是否每位總統都能在這些交易中扮演 "國王 "的角色？

So I think that's really what the concern is.

是以，我認為這才是人們真正關心的問題。

And we still have additional tariffs and trade deals to come from the China negotiation.

在對華談判中，我們還將面臨更多的關稅和貿易協議。

So we're not sure exactly if it's over yet.

所以我們還不確定是否已經結束。

But if this is a way in it's actually interesting because the Chinese government is also pooh poohing the H2O chips and the AMD chips telling their their teams that hey we've got a backdoor here.

但如果這是一種入侵方式，那就很有意思了，因為中國政府也在抨擊 H2O 芯片和 AMD 芯片，告訴他們的團隊："嘿，我們這裡有後門。

There's something that might be you know security issues on the other end.

So I'm not sure exactly what's going on here because China is not welcoming of the chips telling their teams not to use it.

是以，我不清楚這裡到底發生了什麼，因為中國並不歡迎他們的團隊使用芯片。

And the U.S. is saying take a 15 percent cut.

So I'm not sure exactly what the story is on this.

所以，我不清楚這件事到底是怎麼回事。

My question is do companies ultimately like Tesla and Apple get wrapped up in this.

我的問題是，像特斯拉和蘋果這樣的公司最終會被捲入其中嗎？

And this has been focused obviously on AMD NVIDIA.

顯然，這主要集中在 AMD NVIDIA 上。

Some of the other chip players may be involved in this 15 percent revenue share state sponsored capitalism.

其他一些籌碼玩家可能也參與了國家贊助的資本主義，參與了 15% 的收入抽成。

But I wonder if it ends up kind of expanding from that.

但我想知道，它最終是否會由此擴展開來。

I think it does set a unique precedence something that personally I don't I don't like that.

我認為這確實開創了一個獨特的先例，我個人不喜歡這樣。

I think that companies should just kind of do what they want to do.

我認為公司應該做自己想做的事。

But I think from the perspective of NVIDIA to have the White House as one of your backers I mean it's that's a powerful it's a powerful ally.

但我認為，從英偉達的角度來看，白宮是你的支持者之一，我的意思是，這是一個強大的盟友。

I have not seen anything quite like this in the United States.

在美國，我還沒有見過這樣的事情。

Of course the place where you tend to see this kind of government intervention in the market is China.

當然，政府對市場進行這種干預的地方往往是中國。

And we're sort of following China's playbook now of the government getting very much involved in the affairs of individual countries.

現在，我們正在效仿中國的做法，讓政府更多地介入各個國家的事務。

The real issue here is that export controls used to be this area of of policy where you looked at the technology and made very hard judgments about it whether it was critical to military intelligence national security that we not allow things to be exported.

這裡真正的問題是，出口管制曾經是一個政策領域，在這個領域中，你需要審視技術，並對其是否對軍事情報國家安全至關重要做出非常艱難的判斷，即我們是否不允許某些東西出口。

And you allow the sale of chips that had previously been restricted under export controls.

你還允許銷售以前受出口管制限制的芯片。

It makes a security issue more of a trade issue.

這使得安全問題更像是貿易問題。

The Chinese have always wanted to engage in a conversation with the United States about export controls as if it was a trade issue.

中國一直希望與美國就出口管制問題進行對話，好像這是一個貿易問題。