Overview

• Nvidia and AMD must pay the U.S. government 15% of revenue from sales of their H20 and MI308 AI chips to China to secure export licenses.
• The Commerce Department has started approving licenses under the agreement, ending a months-long ban on H20 exports that had halted shipments in April.
• Six Senate Democrats have sent an open letter urging reversal and House members are drafting legislation to require congressional approval for future export-policy deals.
• Legal analysts contend the revenue-sharing arrangement may amount to an unconstitutional export tax under the Export Clause and expand unchecked executive power.
• China’s Cyberspace Administration summoned Nvidia executives and instructed major firms to suspend H20 orders pending security reviews, and observers warn the scheme could undermine allied export-control coordination.