Suranjana Tewari Asia Business Correspondent in Singapore Getty Images Nvidia boss Jensen Huang has been lobbying the White House over China chip sales Unusual. Quid pro quo. Unprecedented. That is some of the reaction to news that two of the world’s tech giants will pay the US government 15% of their revenue from selling certain

Facebook Tweet Email Link As US tariffs on China surged over the past decade, South and Southeast Asia became key destinations for foreign and Chinese companies to diversify their supply chains. But with US President Donald Trump’s protectionist swing going truly global in his second administration, these nations now find themselves caught in the crossfire

The U.S.-China tech rivalry has entered a new phase, marked by a controversial financial arrangement between Washington and semiconductor giants Nvidia and AMD. In 2025, the Trump administration secured a 15% revenue-sharing agreement with both firms for their AI chip sales in China, a move that has reshaped investor sentiment, valuation metrics, and the long-term

What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets Buoyant stock markets and an event-free Monday are allowing investors to prep for the three big events of the week: Tuesday’s U.S. consumer inflation report, the China trade deadline and Friday’s U.S.-Russia summit in Alaska. Doubts about the strength of

China is closely observing President Donald Trump’s efforts to reach a diplomatic resolution to Russian leader Vladimir Putin’s war in Ukraine, US Senator Lindsey Graham said in an interview with NBC’s Kristen Welker broadcast on Sunday. According to Politico on August 10, Graham emphasized that the talks must ensure Russia cannot repeat its 2022 invasion. Trump is scheduled to meet Putin in Alaska this Friday, marking the first visit by Russia’s