Trump deal makes Nvidia, AMD pay 15% of China chip revenue to U.S.

The Trump administration granted export licenses to Nvidia and AMD allowing them to sell AI chips — Nvidia's H20 and AMD's MI308 — in China, on the condition that both companies pay the U.S. government 15% of revenue generated from those China sales. President Trump publicly described personally negotiating the rate with Nvidia CEO Jensen Huang, stating he initially sought 20% before agreeing to 15% at Huang's request. The arrangement was confirmed in broad strokes by a U.S. official to CBS News. The licenses were provided in the week prior to the August 11 report. Export licenses typically carry no fees; this revenue-sharing structure is described as highly unusual.