The Trump administration has just released a major announcement—American chip giants can sell some high-performance chips to the Chinese market, but there is a condition: they must give 25% of sales revenue to Uncle Sam as a "toll fee".

Specifically, NVIDIA is allowed to sell the H200 series (based on the Hopper architecture) to eligible customers, but the more advanced Blackwell and Rubin architectures are still off-limits. AMD and Intel are subject to the same rules.

As soon as the news broke, there was an immediate reaction in after-hours trading: NVIDIA rose by 1.4%, while Intel and AMD increased by 0.37% and 0.67%, respectively. The market is clearly betting that this policy will open up a revenue gap for these companies, especially in the AI training and data center sectors where demand for computing power is high.

For the cryptocurrency industry, this means that the hardware supply chain for mining and on-chain computing may loosen a bit—of course, the premise is that you have to accept that 25% "American tax".