Nvidia Company and Advanced Micro Devices Inc. agreed to pay 15% of its revenue from CHIP sales to China as part of a deal with the Trump administration to secure export licenses, a person familiar with the matter said.
NVIDIA plans to share its revenue of 15% of H20 chip sales and AMD in China, adding that the same share of MI308 revenue is requested to discuss internal review anonymously. The Financial Times reported this development earlier.
It follows another Financial Times report that the U.S. Department of Commerce began issuing H20 licenses on Friday two days after NVIDIA CEO Jensen Huang met with Donald Trump.
The Trump administration froze some advanced chips to sell to China earlier this year, as trade tensions soared between the world’s two largest economies.
A NVIDIA spokesman said the company followed U.S. export rules, adding that although it has not shipped H20 chips to China in months, it hopes that those rules will allow U.S. companies to compete in China. AMD did not immediately respond to a request for comment.
Separately, Intel CEO Lip-Bu Tan is expected to visit the White House on Monday after Trump’s relationship with Chinese companies called for dismissal last week.
