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The Independent UK
The Independent UK
Mike Bedigan

Chip makers Nvidia and AMD agree to pay 15 percent of Chinese revenue to America in deal to make Trump happy

Two American makers of artificial intelligence chips have agreed to pay the U.S. government 15 percent of sales on the technology, in an arrangement that one former export official called "unprecedented and dangerous."

Tech giants Nvidia and AMD have agreed to the highly unusual terms as part of the requirements for obtaining export licenses to China, according to The Financial Times, which first reported the deal.

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