According to the Financial Times , Nvidia and AMD have joined together in an unprecedented trade agreement that will see them pay the US government 15% of revenue from their chip sales in China. In return, the two tech giants will gain the export licenses they need to sell semiconductors in the Chinese Market.

It's specifically Nvidia's H20 chips and AMD's MI308 they're looking to sell, and which the 15% tariff will be paid on.

The H20 chip has been controversial, and was the cause of former President Joe Biden instituting export controls on advanced chips that could be used for artificial intelligence. One US politician went so far as to suggest adding trackers that would brick chips that ended up in China . As the Financial Times reports, "US security experts say the H20 will help the

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