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Nvidia and AMD must pay a portion of their sales of AI accelerators directly to the US government. Such a direct levy is unprecedented.
Nvidia and AMD must give the US government 15 percent of the revenue from AI accelerator sales in China. This was reported by the British Financial Times, citing informed circles, including from the US government. The unusual levy is a quid pro quo for the granting of export licenses for the Chinese market last week.
The US representative told the newspaper that Nvidia had agreed to give up 15 percent of revenue from H20 sales in China. AMD would hand over the same percentage from sales of the MI308 accelerators. According to experts, such a sales levy to a government is unprecedented.
The US Department of Commerce began issuing H20 export licenses on 8 August 2025, two days after Nvidia CEO Jensen Huang met with US President Donald Trump. In April, the Trump administration imposed a ban on H20 exports to China.
Nvidia confirms sales deal with Trump
When asked, Nvidia told the Financial Times: "We are following the US government's rules for our participation in the global market."
Analysts at investment firm Bernstein estimate that Nvidia sold around 1.5 million H20 chips to China in 2025, generating sales of around 23 billion US dollars. Nvidia lost 15 billion US dollars due to stricter export restrictions to China, Huang said in May.
AMD declared in January 2025 that the margin in the second quarter would be lower at 43 percent. The reason for this was an inventory correction of USD 800 million due to export restrictions on AI hardware. This related to the MI308 accelerators adapted for China.
