Nvidia and AMD to pay 15% of China chip sales to U.S.

Nvidia and AMD are to give the U.S. government 15% of the revenues from chip sales in China as part of an “unprecedented” arrangement with the Trump administration to obtain export licences for the semiconductors. The U.S. had previously banned the sale of powerful chips used in areas like AI to China under export controls usually related to national security concerns. Security experts, including some who served during President Trump’s first term, recently wrote to the administration expressing “deep concern” that Nvidia’s H20 chip was “a potent accelerator” of China’s AI capabilities.