KEY POINTS

The White House confirmed an export deal that grants China access to two U.S. chip makers for a share of revenues.

Critics say advanced chips, used for AI software development, could aid Chinese military programs.

Nvidia and AMD agreed to pay 15% of their revenues to the U.S. government for export licenses to sell AI chips to China.

In an “unusual” deal confirmed by the White House on Monday, advanced microchip makers Nvidia and AMD have agreed to pay the U.S. government a portion of their revenues from sales of artificial intelligence chips to China.

The two U.S. semiconductor companies agreed to part with 15% of their revenues in exchange for export licenses that will allow Nvidia and AMD to sell, respectively, their H20 and MI308 chips in China. The agreement re-opens tr

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