Nvidia, AMD Reach Deal to Give US a Cut of China AI Chip Sales

Nvidia Corp. and Advanced Micro Devices Inc. have agreed to pay 15% of their revenues from Chinese AI chip sales to the US government in an unusual, legally questionable deal that reflects the Trump administration’s willingness to soften export controls in exchange for financial payouts.

Nvidia plans to share 15% of the revenue from sales of its H20 AI accelerator in China, US President Donald Trump said in a briefing with reporters on Monday. AMD will deliver the same share from MI308 revenues, a person familiar with the situation said, asking not to be identified discussing internal deliberations.

Trump said ...