Nvidia and AMD agreed to pay 15% of their semiconductor sales in China to the US government as part of obtaining export licenses. Nvidia will remit 15% of its H20 chip sales to the government, while AMD will pay the same percentage from its MI308 chip revenues. Previous bans on these chips were imposed over security concerns, and Nvidia aims to compete effectively in China while adhering to US regulations. The decision came after extensive lobbying by Nvidia's chief executive for a resumption of sales.
Under the agreement, Nvidia will pay 15% of its revenues from H20 chip sales in China to the US government, while AMD will give the same percentage from its MI308 chip revenues.
Nvidia's chief executive Jensen Huang has spent months lobbying both sides for a resumption of sales of the chips in China.
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