Nvidia Corp. and Advanced Micro Devices Inc. (AMD) have agreed to pay 15% of their revenue from chip sales in China to the US government. This agreement is part of a deal with the Trump administration to secure export licenses, according to a source familiar with the matter.

Nvidia will share 15% of the revenue from sales of its H20 chip in China, while AMD will provide the same percentage from MI308 chip sales.

This move follows the US Commerce Department’s recent approval of H2O export licenses, issued shortly after Nvidia’s CEO, Jensen Huang, met with President Donald Trump. Earlier this year, the Trump administration had halted the sale of some advanced chips to China amid escalating trade tensions between the two countries.

An Nvidia spokesperson stated that the company complies with US export regulations. Although Nvidia hasn’t shipped H20 chips to China for several months, it hopes that the new rules will allow US companies to remain competitive in the Chinese market. AMD has not yet responded to requests for comment.

In a related update, Intel CEO Lip-Bu Tan is expected to visit the White House soon, following President Trump’s call for his dismissal due to his business ties with China, as reported by The Wall Street Journal.

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