Nvidia Corp. and Advanced Micro Devices Inc. (AMD) have agreed to pay 15% of their revenue from chip sales in China to the U.S. government. This arrangement, reported by the Financial Times, is part of a deal with the Trump administration to secure export licenses for their semiconductor products, specifically including Nvidia's H20 chips and AMD's MI308 chips. The payment is calculated on revenue, not profit, marking a novel form of export tariff or revenue tax imposed as a condition for accessing the Chinese market. Sources indicate the Trump administration has not yet decided how to utilize the funds collected through this agreement. Industry analysts note this deal represents a new phase in trade negotiations, moving toward company-specific arrangements amid ongoing U.S.-China trade tensions. The effective rate of 15% on revenues could significantly impact the profit margins of both companies, given their high operating margins on these products.