Nvidia and AMD to Remit 15% of China Chip Revenues to US

Nvidia and AMD are set to pay 15% of their revenue from China to the U.S., marking an unprecedented move in global trade, according to a trade expert.

Nvidia and AMD have agreed to pay 15% of their sales from chips sold to China to the US government. This deal is part of their bid for export licenses and marks a shift in the ongoing trade war with China.