Nvidia, AMD to Pay US 15% of China AI Chip Revenue

Good morning. Chipmakers Nvidia and AMD strike an unusual arrangement with the US government. Volodymyr Zelenskiy refuses to cede land. And the Swiss want to charge the Germans and Dutch for using their Alpine roads. Listen to the day’s top stories.

Nvidia and Advanced Micro Devices will pay 15% of their revenue from Chinese AI chip sales to the US government to secure export licenses, an arrangement that may unnerve both American companies and Beijing. “This seeming quid pro quo is unprecedented from an export control perspective," said Jacob Feldgoise at the DC-based Center for Security and Emerging Technology.