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The White House has officially acknowledged that NVIDIA and AMD have entered into an agreement to remit 15% of their chip sales revenue generated in China to the US government. In return, these companies have secured licenses for exporting related products to China. Prior reports indicated that this arrangement was a prerequisite set by the US government to permit these two chip manufacturers to resume sales of AI chips to China. A spokesperson from the White House clarified that, currently, this agreement encompasses only these two companies, but there are considerations to potentially extend it to a broader range of enterprises in the future. It is noted that the US Department of Commerce has commenced issuing export licenses to these two companies specifically for the Chinese market.
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