Trump says Nvidia will hand the U.S. 15% of its H20 chip sales to China
Summary
The U.S. will receive 15% of Nvidia's revenue from selling its H20 chips in China, according to President Trump. Nvidia's CEO asked for eased export restrictions, which led to this agreement. Nvidia has not confirmed the details of the 15% revenue share.Key Facts
- The U.S. will take a 15% cut of Nvidia's revenue from H20 chip sales in China.
- Nvidia's H20 chip is used in developing artificial intelligence and is designed to meet U.S. export controls.
- It is unclear under what authority this payment agreement is being made.
- Nvidia did not officially confirm the 15% revenue share.
- Reports suggest AMD might also have a similar agreement with the U.S. for its MI308 chip sales to China.
- The agreement is part of ongoing changes in U.S. policies regarding export controls to China.
- Trump previously restricted high-end chip exports to China but has now allowed the sale of Nvidia's H20 chips.
- Security concerns over Nvidia chips were raised by Chinese regulators, but Nvidia stated that its chips have no security vulnerabilities.
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