Overview
- The 15% levy applies exclusively to sales of Nvidia’s China-tailored H20 and AMD’s MI308 AI chips.
- Approvals followed Nvidia CEO Jensen Huang’s White House meeting that led to lifting April’s ban on those exports.
- The Trump administration has not announced how it will allocate the funds collected under the agreement.
- Export control experts warn that trading export restrictions for financial payments sets an unprecedented precedent.
- Chinese state media and regulators are probing alleged ‘back doors’ in H20 chips, a claim Nvidia rejects.