Two chip giants will pay a 15 per cent share of their semiconductor sales in China to the US government after an unorthodox deal with Donald Trump. The agreement allows Nvidia and AMD to resume the previously banned sale to China of powerful chips used in artificial intelligence (AI).

Nvidia and AMD agreed to share 15% of their revenues from chip sales to China with the U.S. government, President Donald Trump confirmed at a press conference on Monday

I called some CEOs yesterday to get their thoughts on Nvidia and AMD’s deal to give the U.S. government a 15% cut of AI chip sales to China to secure export licenses. Most were surprisingly sanguine about the unusual arrangement.