I posted the news here from the Financial Times:
More in that article.
The gist is:
- Nvidia and AMD have struck a deal with the US government to hand over 15% of their revenue from chip sales in China, in exchange for export licences for those semiconductors.
- The arrangement, agreed with the Trump administration and approved last week, was a condition for gaining permission to sell into the Chinese market
The Financial Times cite the info is according to people familiar with the matter, including a US official.
This article was written by Eamonn Sheridan at investinglive.com.