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International Business Times
International Business Times
Business

Trump Says Nvidia To Give US Cut Of China Chip Sales

Nvidia China Donald Trump United States Jensen Huang Semiconductor AMD Artificial Intelligence
Nvidia produces some of the world's most advanced semiconductors but cannot ship its most cutting-edge chips to China due to concerns that Beijing could use them to enhance military capabilities (Credit: AFP)

President Donald Trump on Monday confirmed reports that semiconductor giant Nvidia would pay the United States 15 percent of its revenues from sales of certain artificial intelligence chips to China.

Speaking to reporters at the White House, Trump argued that Nvidia's "H20" chips are "obsolete," despite previously being targeted for export restrictions.

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