Nvidia logo is seen in this illustration created on Jan. 27, 2025. Dado Ruvic/Reuters
The deals that allows Nvidia and Advanced Micro Devices (AMD) to sell to China certain advanced chips specifically designed to adhere to export restrictions to the communist nation—while paying a cut to the U.S. government—could be expanded to other companies, the White House said on Tuesday.
Under the deals, which President Donald Trump confirmed on Monday, Nvidia and AMD agreed to pay 15 percent of their revenues from China H20 chip sales to the government, in exchange for U.S. export licenses.
