Nvidia, AMD to pay 15% of China chip sale income to US, Financial Times reports

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Nvidia and Advanced Micro Devices agreed to pay 15 per cent of their revenues from chip sales to China to the US government as part of a deal with the Trump administration to secure export licences, the Financial Times reported on Sunday.

The newspaper cited a US official as saying that Nvidia would share 15 per cent of the revenue from sales of its H20 chip in China and AMD will deliver the same share from MI308 revenues.

It followed an earlier report from the paper that the Commerce Department started issuing H20 licences on Friday, two days after Nvidia Chief Executive Cfficer Jensen Huang met US President Donald Trump.

The Trump administration had frozen the sale of some advanced chips to China earlier this year as trade tensions spiked between the world’s two largest economies.

Nvidia told the Financial Times that it follows US export rules, while AMD did not respond to the newspaper’s request for comment.

Separately, Intel CEO Lip-Bu Tan is expected to visit the White House on Monday after Trump called for his dismissal last week over his ties to Chinese businesses, The Wall Street Journal reported on Sunday.

Tan is expected to have an extensive conversation with Trump while looking to explain his personal and professional background, the report said, adding that he could propose ways Intel and the US government could work together, the report said.