Trump says Nvidia will hand the U.S. 15% of its H20 chip sales to China

John Ruwitch

August 11, 2025 / 10:04 am

The U.S. government will take 15% of the revenue that chipmaker Nvidia pulls in from sales in China of its H20 microchip, which is used in the development of artificial intelligence, President Trump said on Monday.

At a news conference at the White House, Trump said Nvidia CEO Jensen Huang asked for restrictions on exports to be eased so that Nvidia could sell H20s into the Chinese market.

"And I said if I'm going to do that I want you to pay us as a country something, because I'm giving you a release," Trump said.

Trump said he asked for a 20% cut, and Huang haggled him down to 15%.

Trump called the H20 "obsolete," and "an old chip that China already has … in a differen

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