Nvidia and AMD have agreed to give the U.S. government 15% of revenue from sales to China of advanced computer chips like Nvidia's H20 that are used for artificial intelligence applications, a U.S. official told Reuters.

Nvidia and AMD have agreed to remit 15% of their revenue from sales of advanced computer chips to China to the U.S. government, according to a U.S. official. This agreement includes chips like Nvidia's H20, used in artificial intelligence applications, and comes after the U.S. administration reversed a previous ban on such sales to China.

China is a significant market for both companies, accounting for a notable portion of their revenues. The payment arrangement is reportedly a condition for obtaining export licenses for these semiconductors. Details on when and how the agreement will be implemented, as well as how the funds will be used, have not yet been finalized.

Nvidia, AMD to pay 15% of China chip sales to U.S.

NVIDIA and AMD have agreed to give the U.S. government 15 percent of revenue from sales to China of advanced computer chips. That's according to a U.S. official who spoke to Reuters on Sunday. It includes chips like NVIDIA's H20 that are used for artificial intelligence applications. Citing national security concerns, U.S. President Donald Trump's administration in April blocked sales of H20 chips to China, but last month reversed course, saying it would allow sales to China to resume. China represents a significant market for both companies. With sales there accounting for 24 percent of total revenue for AMD for 2024 and 13 percent of total sales for NVIDIA in the fiscal year ending in late January this year. When asked if NVIDIA had agreed to pay 15 percent of its China revenues to the U.S., a company spokesperson said, quote, we follow rules the U.S. government sets for our participation in worldwide markets. NVIDIA's foreign ministry did not immediately respond to a request for comment. The U.S. official said the Trump administration did not feel the sale of H20 and equivalent chips was compromising U.S. national security. The official did not know when the 15 percent agreement would be implemented or exactly how, but said the administration would be in compliance with the law. The Financial Times said the chipmakers agreed to the arrangement as a condition for obtaining the export licenses for their semiconductors. The report said the Trump administration had yet to determine how to use the money.

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New York

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Washington

National Guard troops arrive in Washington, D.C.

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Ukraine Invasion

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Jerusalem

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Birmingham

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Madrid

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Alaska

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Clairton

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Kyiv

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Tel Aviv-Yafo

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Breakdown