Overview

• President Donald Trump announced that Nvidia will cede 15% of revenues from its H20 chip and AMD will do the same for its MI308 as a condition for U.S. export licenses to China.
• The Commerce Department has begun issuing the first export licenses since April, enabling U.S. firms to resume shipments of reduced-capability AI accelerators.
• The administration has not yet determined how to allocate the revenue generated by the quarterly payments from the two companies.
• Legislators and export-control experts have raised legal challenges, questioning whether the revenue-sharing arrangement undermines national-security rationales.
• Beijing is pressing for broader export loosening, from high-bandwidth memory modules to modified Blackwell-based accelerators, as part of ongoing trade negotiations.