U.S. chipmakers Nvidia and AMD have reportedly agreed to pay 15% of their China sales revenue to the U.S. treasury, in exchange for export licenses allowing them to sell advanced AI chips to China, according to the Financial Times. The move would mark a shift in Washington’s export control policy, which has restricted such sales to slow China’s AI development. Reports also indicate Beijing may push for an easing of restrictions on high-bandwidth memory (HBM) technology in trade talks with the U.S. Analysts warn the deal could accelerate China’s tech self-reliance even as it lines U.S. coffers and boosts orders for Taiwan’s chips. Neither Washington nor Beijing has confirmed the reports.
