Nvidia and AMD strike major revenue-sharing deal with US government over China chip sales

Nvidia and AMD have reportedly agreed to share 15% of revenue from sales from AI chip sales to China with the U.S. government.The agreement is said to cover revenue from chips such as Nvidia’s H20, which is designed for artificial intelligence applications, a U.S. official told Reuters on Sunday.The arrangement was reportedly discussed following a meeting between Nvidia CEO Jensen Huang and President Trump two days prior to an announcement that the Commerce Department would begin to start issuing H20 export licenses.CHINA IS EXPLOITING OUR GOVERNMENT'S TECH WEAKNESS. WE NEED A RAPID REBOOTExpo