US equity index futures are about to open – to HUGE news … not in a good way

I posted the news here from the Financial Times:

• Reports that Nvidia and AMD to pay 15% of China chip sale revenues to US government

More in that article.

The gist is:

• Nvidia and AMD have struck a deal with the US government to hand over 15% of their revenue from chip sales in China, in exchange for export licences for those semiconductors.
• The arrangement, agreed with the Trump administration and approved last week, was a condition for gaining permission to sell into the Chinese market

The Financial Times cite the info is according to people familiar with the matter, including a US official.

This article was written by Eamonn Sheridan at investinglive.com.