US Officials Say Nvidia and AMD Agree to Surrender 15% of Revenue to US Government in Exchange for Export Licenses

According to a report by Jinse Finance, citing CCTV News, on the 11th local time, the Financial Times revealed that in order to obtain chip export licenses, U.S. chip manufacturers Nvidia and AMD reached a special agreement with the Trump administration. Both companies agreed to remit 15% of the revenue from chips specifically supplied to China to the U.S. government in exchange for the relevant export licenses. The Financial Times reported, citing an anonymous U.S. official, that under the agreement, Nvidia will remit 15% of its H20 chip sales revenue in China, and AMD has also agreed to remit the same proportion of sales revenue from its MI308 chips. Sources, including a U.S. official, told the newspaper that the two companies agreed to this financial arrangement in order to obtain export licenses to China granted by the U.S. government. The sources said the Trump administration has not yet decided how to use these funds. It is reported that the U.S. Department of Commerce has begun issuing export licenses to these companies for the Chinese market. In response, Nvidia stated, "We comply with the rules set by the U.S. government for our participation in the global market and will continue to serve as many customers as possible within the scope of these rules." AMD has not yet responded.