Nvidia AMD 15% income from China Chip sales to US FT reports

A smartphone with a reflected AMD logo is located on a computer maternal board in this illustration made on March 6, 2023.

Florence Lo | Reuters

Nvidia and Extended micro -device agreed to give the US government a share of income from certain chips sold in China. Reported about Financial TimesIn an unprecedented agreement with the White House.

In exchange for 15% of the chip sales, both chips producers will receive export licenses for H20 and Chips Nvidia and AMD MI308, FT reports.

Agreement comes to the post of president Donald Trump Tariffs continue to talk through the world economy, emphasizing the readiness of the White House to make exceptions as a tool for trade.

Last week, Nvidia CEO Jensen Juan met with Trump, FT reports.

In her statement, Nvidia said Financial Times: “We are following the rules that the US government provides for our participation in the world markets.”

Last week Trump said it would implement 100% rate About the import of semiconductors and chips if the company is not “construction in the US”.

Read the full Financial Times report here.

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