Nvidia and AMD have reportedly agreed to hand over 15% of their China chip sales revenue to the U.S. government under a landmark deal with the Trump administration to secure export licenses for key semiconductor products.

Bernstein analysts estimate Nvidia could sell roughly 1.5 million H20 units in China in 2025, generating about $23 billion — meaning the U.S. government’s share could exceed $3 billion.

The unprecedented agreement, confirmed by a U.S. official to the Financial Times on Sunday, applies to Nvidia’s H20 artificial intelligence chips and AMD’s MI308 processors — both designed for the Chinese market. The licenses were granted last week after Nvidia CEO Jensen Huang met with President Donald Trump at the White House.

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