Nvidia on "AI Chip Sales To China Tax": Complies With U.S. Government Rules For Global Market Participation

Nvidia on "AI Chip Sales To China Tax": Complies With U.S. Government Rules For Global Market Participation

Nvidia Corp. and Advanced Micro Devices Inc. agreed to pay 15% of their revenues from chip sales to China to the US government as part of a deal with the Trump administration to secure export licenses, according to a person familiar with the matter.

Nvidia plans to share 15% of the revenue from sales of its H20 chip in China and AMD will deliver the same share from MI308 revenues, added the person, who asked for anonymity to discuss internal deliberations. The Financial Times earlier reported the development.