On August 13, Reuters reported that both Nvidia and AMD have agreed to remit 15% of their chip revenues generated in China to the U.S. government. In a statement on Tuesday, White House Press Secretary Caroline Levine indicated that such agreements could potentially be extended to other chip manufacturers in the future. She clarified that while the current arrangement is limited to these two companies, it serves as an innovative model that may be expanded to encompass more players in the industry.
