From PC Mag: Nvidia and AMD will soon pay the US government 15% of revenue from their AI chip sales to China. The unprecedented deal will allow the two companies to sell their AI-powered chips in China for the first time since April.
The financial arrangement is a condition for US export licenses to be reinstated for the Chinese market. The US banned sales earlier this year due to security concerns.
"We follow rules the US government sets for our participation in worldwide markets. While we haven't shipped H20 to China for months, we hope export control rules will let America compete in China and worldwide," Nvidia told BBC News.
The Financial Times and The New York Times first reported the news.
Nvidia didn’t confirm or deny the specifics of the deal, and AMD has yet to publicly confirm, nor has the White House. The newspapers' sources say the US government is currently undecided about where to spend the extra money.
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