Nvidia and AMD Strike Unprecedented Deal with White House, Agreeing to Share Revenues from Chip Sales in China

Tech giants Nvidia and Advanced Micro Devices (AMD) have reached an agreement with the U.S. government to share a portion of their revenues from certain chip sales in China, as reported by the Financial Times. The unique arrangement, made with the White House, will see the companies receive export licenses for Nvidia’s H20 and AMD’s MI308 chips in China, granting them access to the vast Chinese market.

The deal comes amid ongoing tariffs imposed by President Trump that continue to impact the global economy, highlighting the White House’s readiness to negotiate exceptions as a strategic move. Nvidia CEO Jensen Huang reportedly met with the president last week.

In a statement, Nvidia confirmed their adherence to the U.S. government’s rules governing their international business operations: “We comply with rules set by the U.S. government for our participation in global markets.”

Last week, Trump announced plans to impose a 100% tariff on semiconductor and chip imports, except for those companies that are manufacturing within the United States.