Nvidia And AMD Slip In Premarket As Reports Say U.S. Will Take 15% Cut Of China AI Chip Sales

ToplineShares of Nvidia and AMD fell in premarket trading early on Monday, after reports said both companies have agreed to pay 15% of the revenue generated on AI chip sales to China to the U.S. government, as part of an unconventional deal with the Trump administration to secure export licenses.Nvidia has reportedly agreed to pay the U.S. government 15% of the revenue its generates from H20 AI chip sales to China.VCG via Getty ImagesKey FactsAccording to the Financial Times, which first reported on the mat ...