Two major US microchip makers have agreed to pay the Trump administration a portion of sales in return for export licences to send chips to China, according to reports.

The world's most valuable company, Nvidia , and Advanced Micro Devices (AMD) will give 15% of Chinese sales of two AI-powering microchips to the US government.

Such an agreement is said to be unprecedented, according to reporting in the Financial Times.

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The companies are reported by the paper to have been issued licences to export the semiconductors to the world's second largest economy after a change of course by the Trump government in June.

Semiconductors are found in nearly all electronic technology and are vital to powering the modern world. Previously exp

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