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Fortune

Nick Lichtenberg

Bessent says unusual Nvidia, AMD revenue-sharing deal could be a ‘model’ for other industries

United States AMD Nvidia Scott Bessent Donald Trump

Scott Bessent (Credit: Michael Nagle—Bloomberg/Getty Images)

President Donald Trump surprised markets on Monday with a deal that was widely characterized as unusual: Nvidia and AMD will contribute 15% of their chip sales in China to the U.S. government.

Treasury Secretary Scott Bessent has leaned into this new export revenue-sharing deal, saying it could serve as a blueprint for other industries. In a TV interview with Bloomberg Surveillance, Bessent praised Trump’s “unique solution.”

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