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 Sunday.
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.
According 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 t