Overview

• Nvidia and AMD agreed with the Commerce Department to channel 15% of their China revenue from H20 and MI308 AI chip sales to the U.S. Treasury.
• The Commerce Department has begun granting export licenses for the H20 and MI308 chips after reversing its April ban.
• President Trump’s administration has not yet decided how to allocate the funds collected under the agreement.
• Chinese state media and regulators have raised security concerns about the H20 chips and urged domestic buyers to boycott them.
• Export control experts warn the unprecedented licensing condition turns U.S. export rules into a revenue mechanism in the tech rivalry with China.