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The Guardian - UK
The Guardian - UK
Business
Helen Davidson and agencies

Nvidia and AMD agree to pay 15% of China chip export revenues to US

Nvidia logo on a phone screen and a microchip
Nvidia’s chips are a major driver of the AI boom. Photograph: NurPhoto/Getty Images

The chipmakers Nvidia and AMD have agreed to give the US government 15% of their revenue from advanced chips sold to China in return for export licences to the key market.

The unprecedented move, an apparent reversal of US national security restrictions on the chip sales, signalled an easing in the US-China trade war.

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