Chip giants Nvidia and AMD to pay 15% of China revenue to US

Chip giants Nvidia and AMD have agreed to pay 15% of their semiconductor sales in China to the US government as part of a deal to secure export licenses to the country. Nvidia will pay 15% from its H20 chip sales, while AMD will pay the same percentage from its MI308 chip revenues. The agreement comes amid escalating tech trade tensions between the US and China, with Nvidia lobbying for the resumption of chip sales in China and both countries easing certain restrictions as part of ongoing trade talks.