Treasury Secretary Scott Bessent has praised the 15% revenue-sharing agreement between the U.S. government and chip giants Nvidia Corp. (NASDAQ:NVDA) and Advanced Micro Devices Inc. (NASDAQ:AMD).
Deal Structure Breaks New Ground
President Donald Trump announced on Monday that Nvidia and AMD will contribute 15% of their China chip sales to the U.S. government as part of export licensing conditions.
The agreement allows Nvidia to export H20 accelerator chips and AMD to sell MI308 processors that are designed for U.S. export control compliance to Chinese buyers seeking advanced artificial intelligence technology.