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AMD, Nvidia to give 15% of China chip sales to US government

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AMD and Nvidia have reached a deal with the U.S. government to sell AI-capable chips in China.

The companies reportedly agreed to give 15% of Chinese chip revenue to the U.S. government in exchange for export licenses.

Nvidia last year recorded $17 billion in Chinese sales, while AMD reported $6.2 billion.

Read more from Quartz.

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