Chip giants Nvidia and AMD have agreed to pay the US government 15% of Chinese revenues as part of an "unprecedented" deal to secure export licences to China, the BBC has been told. The US had previously banned the sale of powerful chips used in areas like artificial intelligence (AI) to China under export controls usually related to national security concerns.

Shares of artificial intelligence (AI) chipmakers Nvidia (NVDA) and AMD (AMD) fell in Monday’s early premarket session, weighed down by a report that suggested a dent to their China revenue. A Financial Times report stated that the Trump administration had negotiated a 15% share of the revenues that both companies receive from selling their