Overview

• The U.S. Commerce Department began issuing export licences to Nvidia and AMD after the firms agreed to cede 15% of AI-chip revenues from sales to China, according to multiple outlets.
• The concession follows a reported mid-July meeting in which Nvidia CEO Jensen Huang negotiated with President Trump to resume shipments halted by an April licensing order.
• The New York Times projects that the levy could generate more than $2 billion in federal revenue by year’s end, though officials have not disclosed any plan for its allocation.
• Security analysts and legal experts have questioned the measure’s constitutional authority and warned it may unintentionally benefit Chinese competitors such as Huawei.
• Observers say the revenue-sharing requirement represents an unprecedented use of export controls as a tool for industrial-policy leverage in U.S.–China tech rivalry.