US chipmakers Nvidia and AMD will pay 15% of the revenue generated from the sale of their AI chips to the US government, a White House official confirmed CBS News.
Financial Times on Sunday Informed The agreement between technical giants and the US government had reached as a condition to give export licenses to China, provided last week. An American official confirmed the “broad stroke” of the report to CBS.
The system with companies providing a stream of revenue in exchange for export license is highly uncommon as the corporations usually do not give revenue from their export sales to the federal government. Export licenses also do not charge any fee, According To shipping the legendary Marsk.
At a Monday press conference, President Trump described the agreement with NVDia as a deal that would benefit the nation. He described a meeting with NVDia CEO Jensen Huang to discuss the conditions of agreeing on the export license; Mr. Trump did not mention AMD in his comments.
“So I said,” If I am going to approve it for you, I want 20%, “Mr. Trump said about his meeting with NVDia CEO Jensen Huang to discuss the terms of the export license. “I don’t want it myself, so when I say I want 20%, it is for the country.”
,[Huang] Said, ‘Will you make it 15%?’ So we talked a little, “the President said.
Revenue-sharing scheme comes after White House Announced In April, it will restrict sales from Nvidia’s H20 chips and Mi 308 chips rival chipmaker AMD to China. However, NVIDIA CEO Jensen Huang last month Said It approved the Trump administration to sell its H20 chips to China.
The H20 chip, which is special for artificial intelligence applications, was developed by NVIDIA for the Chinese market, while AMD’s MI308 chips are also ready for AI.
It is not clear how the Trump administration will use the money generated from the chip sales agreement.
NVIDIA did not comment on the nuances of the deal. In a statement, a spokesperson said, “We follow the rules set by the US government for our participation in markets around the world. While we have not sent H20 to China for months, we hope that the export control rules will allow America to compete worldwide and worldwide.”
AMD did not immediately respond to the remarks request.
Supporters of restrictions on the sale of advanced chips for China say they are required to ensure that the US maintains a competitive lead as the two countries fight for AI dominance. He has also been seen as security security. In an example during the Biden administration, the Department of Commerce said that it is updating its export control and “presents US national security concerns” to advanced AI capabilities. “
The department said in 2023, “These controls were designed to address strategically, with other concerns, PRC’s efforts to obtain a semiconductor manufacturing equipment are required to produce advanced integrated circuit required for the next generation of advanced arms systems,” the department said in a 2023 in 2023. release,
Contributed to this report.
