Summary
Nvidia and AMD have agreed to give the U.S. government 15% of their revenue from selling certain computer chips to China. This agreement came after the U.S. initially stopped these sales due to security concerns but later allowed them to resume under specific conditions.
Key Facts
- Nvidia and AMD are technology companies that make computer chips.
- They have agreed to give 15% of their sales income from chips sold to China to the U.S. government.
- This deal is related to export licenses, which are permissions to sell goods to another country.
- The U.S. government stopped chip sales to China in April, concerned about national security.
- The chips involved, H20 and MI308, are used in artificial intelligence.
- Sales resumed in July when the companies disclosed the new agreement with the U.S. government.
