What happened

Nvidia and AMD have agreed to pay the Trump administration 15% of their revenue from selling artificial intelligence chips to China, the Financial Times and other news organizations reported Sunday.

President Donald Trump in April had banned Nvidia and AMD from selling China their H20 and MI308 AI chips , respectively, and the chipmakers "agreed to the financial arrangement as a condition for obtaining export licenses" granted last week, the Times said.

Who said what

The "quid pro quo arrangement is unprecedented," the Times said, and followed a meeting last Wednesday between Trump and Nvidia CEO Jensen Huang. The Trump administration announced last month that it would reverse its ban on H20 sales to China, but it did not issue the export licenses until Friday.

"We f

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