Treasury Secretary Scott Bessent said the recent deal to allow Nvidia Corp. and Advanced Micro Devices Inc. to resume lower-end AI chip sales to China, on the condition they give the U.S. government a 15% cut of the related revenue, could serve as a model for others.

"I think we could see it in other industries over time," Bessent said Wednesday in a television interview on Bloomberg Surveillance. "Right now, this is unique, but now that we have the model and the beta test, why not expand it?"

Bessent credited President Donald Trump with the "very unique solution" of allowing Nvidia to expand in China and become a bellwether for Chinese technology, with the U.S. taxpayer getting "a share of" the reward. The revenue the Treasury receives from the arrangement will go to pay down debt, he s

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