Hua Er Jie Jian Wen·2025-08-11 01:20Core Points - NVIDIA and AMD have agreed to pay 15% of their sales revenue from specific chips sold in China to the U.S. government in exchange for export licenses, marking a significant shift in U.S. export control policy [1][2] - The agreement involves NVIDIA's H20 and AMD's MI308 chips, with analysts estimating NVIDIA's H20 sales could reach $23 billion in 2025, implying a payment of over $3 billion to the U.S. government [1][3] - This unprecedented arrangement reflects the Trump administration's approach of encouraging domestic investment to avoid tariffs and generate U.S. jobs and revenue [2][3] Group 1 - The U.S. Commerce Department began issuing export licenses for H20 chips shortly after a meeting between NVIDIA's CEO and Trump, indicating a potential shift in U.S.-China trade relations [4] - The Chinese Ministry of Commerce stated that the U.S. has agreed to approve the sale of NVIDIA's H20 chips to China, emphasizing the need for cooperation and mutual benefit [5] - Analysts suggest that this arrangement signifies a new era in the trade war, with the U.S. negotiating "trade agreements" on a company-by-company basis [3][2]