Trump’s AI chip deal secures market access at a cost

Description

U.S. President Donald Trump has approved a deal allowing Nvidia and AMD to resume selling their advanced AI chips to China in exchange for handing 15% of the revenue from those sales to the American government. The agreement grants both companies export licenses for Nvidia’s H20 and AMD’s MI308 chips, which had previously been blocked under export controls. Nvidia said it follows the rules the U.S. government sets for global markets, noting it hasn’t shipped H20 chips to China for months. The co...