Nvidia and AMD to pay 15% of China chip sales revenues to the U.S. government, FT reports

Nvidia and Advanced Micro Devices person agreed to springiness the U.S. authorities a stock of revenues from definite chips sold successful China, the Financial Times reported, successful an unprecedented statement with the White House.

In speech for 15% of revenues from the spot sales, the 2 chipmakers volition person export licenses to merchantability Nvidia's H20 and AMD's MI308 chips successful China, according to the FT.

The statement comes arsenic President Donald Trump's tariffs proceed to reverberate done the planetary economy, underscoring the White House's willingness to carve retired exceptions arsenic a bargaining tool.

Nvidia CEO Jensen Huang met with Trump past week, according to the FT.

In a statement, Nvidia told the Financial Times: "We travel rules the U.S. authorities sets for our information successful worldwide markets."

Last week, Trump had said helium would instrumentality a 100% tariff on imports of semiconductors and chips, unless a institution was "building successful the United States."

Read the implicit Financial Times study here.