Nvidia and AMD agreed to share 15% of their revenues from chip sales to China with the U.S. government, a U.S. government official has confirmed.

Nvidia and AMD have agreed to share 15% of their revenue from chip sales in China with the US government as part of a deal to resume selling advanced chips to China. This arrangement is part of efforts to maintain the US lead in AI technology amid global competition.

While we estimate that AMD’s AI rival, Nvidia, will sell $30 billion of AI chips into China in calendar 2026, we do not yet make explicit assumptions for AMD’s China AI business, as it is far smaller and more nascent.