2.许可发放时间线：美国商务部上周五开始发放H20出口许可证（黄仁勋与特朗普会面两天后），AMD许可证同步发放。 【文/兔主席】 海外媒体披露，美国政府与英伟达、AMD等达成特殊安排，向美国政府上缴在华芯片销售收入的15%，基于此条件，可以获得H20等芯片的出口 许可。此事在美国引发极大争议。 一、首先我们看看要点： 1.核心安排：英伟达与AMD同意向美政府上缴在华芯片销售收入的15%，以换取对华半导体出口许可证。具体而言，英伟达针对H20芯片、AMD 针对MI308芯片向特朗普政府支付"分成"。 3.协议的特殊性：以收入分成换取技术出口许可，属于一种所谓的"等价交换"或交易。这样的安排在美国前所未有，但符合特朗普政府"以条件换 豁免"的一贯模式。例如，在进口关税方面，特朗普政府就要求企业或国家增加对美国的投资，以此减少或豁免关税。 7.更多的背景：要考虑协议出台时点敏感，因为美中正在进行贸易谈判，中方施压要求放宽高带宽内存芯片管制，特朗普寻求为两国领导人峰会 铺路。 二、接着我们再稍微点评一下： 1.先看关税的逻辑： 1）美国的关税，针对的是进口商品，最终实际上是企业（进口商）在产品入关时向美国政府支付一笔 ...

Core Viewpoint - The recent adjustments to the "China's Prohibited and Restricted Export Technology Directory" reflect the evolving landscape of technology development in China, aiming to enhance national economic security and promote international economic and technological cooperation [2][4]. Summary by Sections Prohibited Export Section - The adjustment has removed one entry related to traditional Chinese architectural technology from the prohibited export list [6]. Restricted Export Section - **Construction and Decoration Industry**: - Two entries have been deleted: traditional Chinese architectural technology and building environment control technology [6]. - **Chemical Raw Materials and Chemical Products Manufacturing**: - A new restricted entry has been added for battery cathode material preparation technology, which includes: - Lithium iron phosphate preparation technology with specific chemical formula and performance criteria [6][7]. - Lithium manganese iron phosphate preparation technology with defined performance metrics [7]. - Phosphate-based cathode raw material preparation technology with strict specifications [7]. - **Non-ferrous Metal Smelting and Rolling Industry**: - The control points for non-ferrous metal metallurgy technology have been modified to include new lithium extraction technologies from spodumene, such as: - Lithium carbonate production technology and lithium hydroxide production technology [6][7]. - Additional control points for lithium purification and production processes have been introduced [7]. Purpose of Adjustments - The adjustments are intended to align with the changes in China's technological development and to improve the management of technology trade, thereby safeguarding national economic interests [4][5].

Group 1 - The core viewpoint of the articles revolves around the potential sale of TikTok's U.S. operations, with President Trump indicating that a buyer has been found and will be announced soon [1] - CFRA Research estimates TikTok's U.S. business valuation between $40 billion and $50 billion, potentially reaching $200 billion if the algorithm is included, although the Chinese government is unlikely to permit a sale [1] - TikTok has approximately 170 million users in the U.S., and Trump has previously noted its role in boosting his support among young voters during the last presidential election [1] Group 2 - Earlier this year, a deal to separate TikTok's U.S. operations into a new company owned and operated by American investors was close to completion, but it was stalled due to Trump's announcement of high tariffs on Chinese goods, leading to China's refusal to approve the transaction [2] - The Chinese Ministry of Commerce has repeatedly opposed the "unreasonable suppression" of TikTok by the U.S. and emphasized that any transaction involving technology exports must comply with China's export control regulations [2]

Group 1 - The first meeting of the China-U.S. economic and trade consultation mechanism took place on June 9 in London, focusing on tariffs, technology, and rare earths, which has attracted significant international attention [1] - Following a phone call between the leaders of China and the U.S. on June 5, both sides agreed to continue implementing the Geneva consensus and hold new talks promptly [3] - The U.S. has intensified export controls on advanced technologies, which has drawn criticism from China, stating that such actions deprive other countries of their rights to develop high-tech industries [4] Group 2 - China has implemented export controls on rare earths, raising concerns in the U.S. about potential impacts on domestic industries, while the U.S. has been criticized for not addressing its own aggressive measures against China [4] - The U.S. Secretary of Commerce's involvement in the talks suggests a possible reconsideration of some technology restrictions that hinder China's long-term growth objectives [4] - Despite high tariffs causing difficulties for many U.S. companies in China, most surveyed do not plan to exit the Chinese market, indicating the market's significant appeal [7] Group 3 - The ongoing economic negotiations between China and the U.S. are seen as a crucial attempt to seek cooperation and mutual benefits amid a complex international landscape [9] - The Chinese Ministry of Commerce has stated that it will continue to review export license applications for rare earths while considering the reasonable needs of other countries [6] - The U.S. has issued a ban on nuclear equipment suppliers from selling products to Chinese nuclear power plants, highlighting ongoing tensions [6]