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Futures up: Dow 0.30%, S&P 500 0.16%, Nasdaq 0.08%

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Chip companies face revenue-sharing demand from US

government

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Intel ( INTC ) CEO to visit White House, report says

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Lithium stocks rise as CATL halts output at major mine

(Updates with AMC Entertainment's ( AMC ) results, Lithium stocks)

By Johann M Cherian and Sanchayaita Roy

Aug 11 (Reuters) -

Wall Street futures were flat-to-slightly-higher on Monday

as investors geared up for a busy week, while major chip

companies fell on the eve of a key tariff deadline with China

following the latest twist in U.S. trade policy.

Semiconductor giant Nvidia ( NVDA ) slipped 0.6% in

premarket trading and Advanced Micro Devices ( AMD ) lost 1.6%.

A U.S. official told Reuters the companies had agreed to

give the United States government 15% of revenue from the sales

of their advanced computer chips to China, days after the

Commerce Department began issuing licenses for the sale of

Nvidia's ( NVDA ) H20 chips.

Enabling semiconductor sales to China was an integral

issue in the agreement Washington signed with Beijing earlier

this year and the latest development could strain the

relationship between the world's two largest economies. The deal

expires on Tuesday.

"The Trump administration reckons higher prices and

snarled-up supply chains are an acceptable price to pay to

encourage more U.S. manufacturing," said Susannah Streeter, head

of money and markets, Hargreaves Lansdown.

"The unusual arrangement is another example of a mega tech

company acquiescing to the U.S. administration's demands, to

gain an upper hand as trade relations are redrawn."

Markets also awaited clarity on the sector tariffs U.S.

President Donald Trump has announced.

At 07:13 a.m. ET, Dow E-minis were up 131

points, or 0.30%, S&P 500 E-minis were up 10 points, or

0.16%, and Nasdaq 100 E-minis were up 19.5 points, or

0.08%.

Traders took a breather after last week's rally helped the

S&P 500 and the Nasdaq log their strongest weekly

performance in more than a month.

Investors expect the recent shake-up at the U.S. Federal

Reserve and signs of labor market weakness could nudge the

central bank into adopting a dovish monetary policy stance later

this year, fueling much of the optimism.

The consumer inflation report is due on Tuesday and

investors currently anticipate that the Fed will lower borrowing

costs by about 60 basis points by December, according to data

compiled by LSEG.

A better-than-feared earnings season was also a relief and

BofA's monthly fund manager survey showed that owning megacap

stocks was again the most popular trade.

Apple ( AAPL ) was a standout last week following its

biggest weekly showing in five years after the iPhone maker

unveiled a series of U.S. investment pledges. The company's

shares were down 0.6% on Monday.

In earnings, AMC Entertainment ( AMC ) rose 5.2% after the

cinema chain beat estimates for quarterly revenue.

U.S.-listed shares of lithium producers rose. Albemarle

jumped 11% and Lithium Americas gained 8.2%

after Chinese battery giant Contemporary Amperex Technology

(CATL) halted output at a major mine, raising hopes

that it would erode the oversupply in a market grappling with

soft demand.

Intel ( INTC ) was up 1.7% after a report said CEO Lip-Bu

Tan was expected to visit the White House. Trump had called for

his removal last week.

In geopolitics, Trump and Russia's President Vladimir Putin

are expected to meet on Friday to try and negotiate an end to

the Ukraine war, which could affect the outlook for crude

prices.