Nvidia (NVDA.US) and Advanced Micro Devices (AMD.US) agreed to pay 15% of their China chip sales revenue to the US government as a condition for obtaining export licenses to China, Financial Times quoted US officials as saying.

Nvidia and Advanced Micro Devices have agreed to pay 15 per cent of their revenues from certain chip sales to China to the US government in exchange for export licenses, as per a Bloomberg report.Nvidia will share a portion of sales from its H20 chip in China,

Nvidia Corp. and Advanced Micro Devices Inc. agreed to pay 15% of their revenues from chip sales to China to the US government as part of a deal with the Trump administration to secure export licenses,