Nvidia, AMD Agree to Pay 15% of China Chip Revenues to US, Report Says
1. AMD and Nvidia plan to resume China AI chip sales with conditions. 2. Both firms will pay 15% of China chip revenues to the U.S. government. 3. AMD faced an $800 million charge due to restrictions on chip sales. 4. Nvidia anticipates an $8 billion hit from export restrictions. 5. Shares of AMD and Nvidia fell 1% in premarket trading.