Chipmakers Nvidia and AMD have reportedly agreed to give the U.S. government 15 percent of the revenues from their chip sales in China, as part of a negotiation to obtain export licenses from the Trump administration.

The Financial Times reports that the Trump administration has struck a deal with U.S. chipmakers Nvidia and AMD, requiring them to pay 15 percent of their revenues from chip sales in China to the U.S. government. This arrangement was made as a condition for the companies to obtain export licenses for the Chinese market, which were granted last week.

According to people familiar with the situation, including a U.S. official, Nvidia agreed to share 15 percent of the revenues from its H20 chip sales in China, while AMD will provide the same percentage from its MI308 chip

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