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Trump Confirms AMD, Nvidia Will Pay 15 Percent Fee for Chip Sales in China

‘It’s an old chip,’ U.S. President Donald Trump said of the H20 chip, calling it ‘obsolete.’ ‘China already has it in a different form, different name.’
Trump Confirms AMD, Nvidia Will Pay 15 Percent Fee for Chip Sales in China
Nvidia CEO Jensen Huang delivers a keynote address at the Consumer Electronics Show in Las Vegas on Jan. 6, 2025. Patrick T. Fallon/AFP via Getty Images
Andrew Moran
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President Donald Trump confirmed that Nvidia and Advanced Micro Devices (AMD) will pay a fee to the U.S. government in exchange for export licenses to ship vital artificial intelligence (AI) chips to China.

At an Aug. 11 press briefing, Trump told reporters that the tech juggernauts will be charged a 15 percent fee on revenues from their chip sales to China, contingent upon receiving U.S. export licenses.

Andrew Moran
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."