Two American AI companies have agreed to hand over 15 percent of their chip sales revenue in China to the US government in exchange for export licenses, sources have revealed.
Nvidia and Advanced Micro Devices (AMD) entered an unprecedented arrangement with the White House to promote and sell their semiconductors in China last week, three people familiar with the situation told the Financial Times.
The AI giants secured licensing specifically for Nvidia’s H20 and AMD’s MI308 chips, both specifically designed to comply with US export restrictions.
Trump told Nvidia it could sell the H20 AI chip in China last month after opposing the idea, but he never went through with the licensing to make those sales feasible.
Meanwhile, Trump had barred AMD from selling the MI308 chip in China.
