AI Summary
NVIDIA and AMD will give the US government 15% of their revenue from AI chip sales to China as part of a deal negotiated with President Trump. Trump initially requested 20% but settled for 15% after discussions with NVIDIA CEO Jensen Huang. This agreement allows NVIDIA to ship the H20 and AMD to ship the MI308, less powerful versions of their H100 and MI300 chips respectively, to China. The deal coincides with a 90-day extension of US tariffs on Chinese goods. This isn't Trump's first attempt at profiting from tech deals, as seen with his previous efforts regarding TikTok's US operations.
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