NEW YORK (AP) — 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.

Nvidia Corp. and Advanced Micro Devices Inc. (AMD) will hand over 15% of their revenue from certain AI chip sales in China to the US government. The unusual deal, designed to secure export licenses, has drawn attention across the global tech and trade sectors.