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Al Etihad
2 hours ago
- Al Etihad
Nvidia, AMD to pay US 15% of AI chip sales to China: reports
11 Aug 2025 19:16 WASHINGTON (AFP)US semiconductor giants Nvidia and Advanced Micro Devices have agreed to pay the United States government 15 percent of their revenue from selling artificial intelligence chips to China, according to media reports CEO Jensen Huang met with US President Donald Trump at the White House on Wednesday and agreed to give the federal government the cut from its revenues, a highly unusual arrangement in the international tech trade, according to reports in the Financial Times, Bloomberg and New York to the Financial Times, the artificial intelligence chips that are part of the agreement with the US government are Nvidia's "H20" and the "MI308" from Advanced Micro Devices (AMD).Nvidia did not deny the reported deal when approached for comment."We follow rules the US government sets for our participation in worldwide markets," a spokesperson told AFP."While we haven't shipped H20 to China for months, we hope export control rules will let America compete in China and worldwide."The company spokesperson added: "America cannot repeat 5G and lose telecommunication leadership. America's AI tech stack can be the world's standard if we race."AMD did not immediately respond to inquiries for are betting that AI will transform the global economy, and last month Nvidia -- the world's most valuable company and a leading designer of high-end AI chips -- became the first company ever to hit $4 trillion in market said last month that Washington had pledged to let the company sell its H20 chips to Valley-based AMD will also pay 15 percent of revenue on Chinese sales of its MI308 chips, which it was previously barred from exporting to the deal could earn the US government more than $2 billion, according to the New York Times move comes as the Trump administration has been imposing stiff tariffs, with goals varying from addressing US trade imbalances, wanting to reshore manufacturing, and pressuring foreign governments to change policies. A 100 percent tariff on many semiconductor imports came into effect last week, with exceptions for tech companies that announce major investments in the US.
Tahawul Tech
4 hours ago
- Tahawul Tech
NVIDIA reach deal with US agreement to restart sale of AI chips to China
NVIDIA and AMD have reached an agreement with the US government that will allow both companies to resume the sale of their AI chips to China. It has been reported that NVIDIA and AMD have been granted export licenses to resume trading in China, but they will pay a 15% levy on the revenue made to the US. In April, US President Donald Trump expressed his dismay that the US was losing some of its technological edge, and announced that companies would need to apply for export licenses. Washington and Beijing have been locked in an economic arm wrestle for years, and now the race for AI-dominance is at the heart of the Trump administration. The US has major national security concerns when it comes to Chinese companies, but the decision to allow NVIDIA and AMD to sell their H20 and MI308 chips will be seen as a surprise by many analysts. Since returning to The Oval Office, US President Donald Trump has launched a war on tariffs and has made no secret of his disdain at the country's tech giants having most of their manufacturing outside of the United States. Last week, Apple pledged another $100bn into manufacturing in the United States, which many believed was done to avoid any future tariffs that the Trump administration should impose. Trump said he wants to see iPhones that are sold in the US, manufactured domestically. Nvidia reconfigured its H100 chip for China after the US introduced export controls in October 2023. At the beginning of the year, there was a huge surge in demand for the H20 chip from Chinese tech players such as Tencent, Alibaba and ByteDance.
Sharjah 24
12 hours ago
- Sharjah 24
Nvidia to pay US 15% of AI chip sales to China
Nvidia CEO Jensen Huang met with US President Donald Trump at the White House on Wednesday and agreed to give the federal government the cut from its revenues, a highly unusual arrangement in the international tech trade, according to reports in the Financial Times, Bloomberg and New York Times. AFP was not able to immediately verify the reports. Investors are betting that AI will transform the global economy, and last month Nvidia -- the world's leading semiconductor producer -- became the first company ever to hit $4 trillion in market value. The California-based firm has, however, become entangled in trade tensions between China and the United States, which are waging a heated battle for dominance to produce the chips that power AI. The US has been restricting which chips Nvidia can export to China on national security grounds. Nvidia said last month that Washington had pledged to let the company sell its "H20" chips to China, which are a less powerful version the tech giant specifically developed for the Chinese market. The Trump administration had not issued licenses to allow Nvidia to sell the chips before the reported White House meeting. On Friday, however, the Commerce Department started granting the licenses for chip sales, the reports said. Silicon Valley-based Advanced Micro Devices (AMD) will also pay 15 percent of revenue on Chinese sales of its MI308 chips, which it was previously barred from exporting to the country. The deal could earn the US government more than $2 billion, according to the New York Times report. The move comes as the Trump administration has been imposing stiff tariffs, with goals varying from addressing US trade imbalances, wanting to reshore manufacturing and pressuring foreign governments to change policies. A 100 percent tariff on many semiconductor imports came into effect last week, with exceptions for tech companies that announce major investments in the United States.
