Nvidia CEO Jensen Huang delivers a keynote address at the Consumer Electronics Show in Las Vegas on Jan. 6, 2025. Patrick T. Fallon/AFP via Getty Images
President Donald Trump confirmed that Nvidia and Advanced Micro Devices (AMD) will pay a fee to the U.S. government in exchange for export licenses to ship vital artificial intelligence (AI) chips to China.
At an Aug. 11 press briefing, Trump told reporters that the tech juggernauts will be charged a 15 percent fee on revenues from their chip sales to China, contingent upon receiving U.S. export licenses.
