Nvidia Corp. and Advanced Micro Devices Inc. have agreed to transfer 15% of the revenue they earn from selling certain artificial-intelligence chips in China to the U.S. government, the Financial Times reported, citing people familiar with the arrangement. The revenue-sharing deal is tied to export licences for Nvidia’s H20 and AMD’s MI308 accelerators, chips that were modified to meet Washington’s curbs on advanced semiconductor exports to China. The payments are expected to be routed to the U.S. Treasury, though the administration of President Donald Trump has not yet determined how the funds will be used, according to the report. The accord underscores the leverage Washington is exerting over domestic chipmakers as it seeks to limit China’s access to cutting-edge AI technology while preserving some sales for U.S. companies in the world’s largest semiconductor market. Nvidia, AMD and the U.S. Department of Commerce did not immediately comment on the reported agreement.