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Benzinga
Benzinga
Business
Anusuya Lahiri

AMD Stock Rallies After US Clears China AI Chip Sales With 15% Cut To Washington

AMD China United States Washington D.C. Donald Trump Nvidia
The AMD Trade

Advanced Micro Devices (NASDAQ:AMD) shares climbed Monday after the chipmaker agreed to pay 15% of its China AI chip sales revenue to the U.S. government in exchange for export licenses for its MI308 processors.

The Trump administration imposed the condition amid security concerns over potential Chinese military applications. Nvidia (NASDAQ:NVDA) has agreed to similar terms for its H20 chips.

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