US officials say Nvidia and AMD have agreed to hand over 15% of their revenue to the US government in exchange for export licenses

According to CCTV news, on the 11th local time, according to the Financial Times, in order to obtain a chip export license, US chipmakers Nvidia and AMD reached a special agreement with the Trump administration, and the two companies agreed to hand over 15% of the chip revenue for China to the US government in exchange for export licenses for related products. The Financial Times reported that according to an unnamed official in the United States, according to the agreement, Nvidia will hand over 15% of its H20 chip sales revenue in China, and AMD has also agreed to hand over the same proportion of sales revenue of MI308 chips. People familiar with the matter, including a US official, told the newspaper that the two companies had agreed to the above financial arrangements to obtain export licenses granted by the US government to China. The Trump administration has not yet decided how to use the funds, the people said. It is understood that the US Department of Commerce has begun issuing export licenses to the above-mentioned companies for the Chinese market. In response, Nvidia responded that we abide by the rules set by the US government for our participation in the global market and will continue to serve as many customers as possible within the rules. AMD has not yet responded.