Financial Times: To obtain export licenses for China, Nvidia and AMD agreed to "pay tribute" 15% of their revenue to the U.S. government.

[Financial Times]: To obtain export licenses for China, Nvidia and AMD agree to "tribute" 15% of their revenue to the U.S. government. The British Financial Times reported on August 11 that American chip companies Nvidia and Advanced Micro Devices (AMD) have agreed to "tribute" 15% of their revenue from chip sales in China to the U.S. government in exchange for export licenses issued by the Trump administration. U.S. officials stated that Nvidia will "share" 15% of its revenue from sales of H20 chips in China, and AMD will also contribute an equivalent percentage of its revenue from the MI308 artificial intelligence (AI) chip to the U.S. government. The report pointed out that this practice of demanding a portion of revenues from companies in exchange for export licenses is unprecedented. (Observer Network)