In an unusual move, two of the world’s largest chipmakers have reportedly agreed to hand over some of their revenues to secure export licenses. In a historically unusual move, two of the world’s largest chipmakers,

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.

No, this is an old chip that China already has,” Trump said of Nvidia’s H-20 processor, adding that “China already has it in a different form…”