United States semiconductor giants Nvidia and Advanced Micro Devices (AMD) will pay the US government 15% of revenue from sales of artificial intelligence (AI) chips to China, under an unusual deal reportedly brokered by President Donald Trump, APA reports citing Deutche Welle.
The agreement reversed an earlier export ban, allowing Nvidia and AMD to resume sales of their AI chips to China.
According to reports in the Financial Times, Bloomberg, and The New York Times, Nvidia CEO Jensen Huang met with Trump at the White House last week and agreed to give his administration a share of the company's revenue.
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