US Chipmakers Agree to Share Revenue for Export Licenses in China

U.S. chip giants Nvidia and AMD have agreed to a revenue-sharing arrangement with the U.S. government, requiring them to remit 15% of their Chinese sales proceeds to American authorities. This agreement is part of a broader effort to secure export licenses for their products in China. The White House confirmed this development, stating that it is aimed at facilitating access to the Chinese market while promoting national security interests. While currently limited to these two companies, officials believe the deal could be expanded to include other firms in the future.