In the time of tariffs, Nvidia and AMD cut unusual deals with Trump

My Spotify playlists are undergoing a British invasion this week. Donald Trump announced this week that two US chipmakers would tithe 15% of their revenue from sales in China to the US government. Paying for the license to sell to Chinese customers represents an unprecedented deal. The chipmakers Nvidia and AMD have agreed to give the US government 15% of their revenue from advanced chips sold to China in return for export licences to the key market. The arrangement will lead to Nvidia giving 15% of its revenue from Chinese sales of its H20 chips, and AMD giving 15% of revenue from Chinese sales of its MI308 chips, according to reports citing US officials.