Nvidia and AMD have agreed to share 15% of their revenues from chip sales to China with the U.S. government, as part of a deal to secure export licenses for the semiconductors. The Trump administration halted the sale of advanced computer chips to China in April over national security concerns,

Treasury Secretary Scott Bessent said the recent deal to allow Nvidia Corp. and Advanced Micro Devices Inc. to resume lower-end AI chip sales to China, on the condition they give the U.S.

Chipmaking giants Nvidia and AMD will reportedly have to pay the U.S. government a 15% cut on the revenue generated from AI chip sales to China.