Donald Trump will take a cut of sales from Nvidia in a deal that will allow the world’s biggest company to restart microchip sales in China.

The US government will receive 15pc of Nvidia’s revenues generated in China as part of an agreement to unlock export licences for their technology.

The unprecedented pact was struck with the White House last week after months of lobbying by Jensen Huang, the Nvidia chief executive, as first reported by the Financial Times.

A spokesman for Nvidia said: “We follow the rules the US government sets for our participation in worldwide markets. While we haven’t shipped H20 [chips] to China for months, we hope export control rules will let America compete in China and worldwide.”

It comes after Mr Trump barred sales of Nvidia’s H20 technology in China e

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