Nvidia and AMD to Share 15% of Chinese Chip Sales Revenue with U.S. Authorities

Nvidia Corp. and Advanced Micro Devices Inc. have reached an agreement with the US government to channel 15% of their revenues from chip sales in China back to the US. This arrangement was made as part of their efforts to secure necessary export licenses from the Trump administration. According to sources familiar with the situation, this deal represents a strategic move for both companies in navigating international trade complexities.