Nvidia and Advanced Micro Devices agreed to pay 15 per cent of their revenues from chip sales to China to the US government as part of a deal with the Trump administration to secure export licences, the Financial Times reported on Sunday.
The Trump administration had frozen the sale of some advanced chips to China earlier this year as trade tensions spiked between the world’s two largest economies.
Nvidia told the Financial Times that it follows US export rules, while AMD did not respond to the newspaper’s request for comment.
Tan is expected to have an extensive conversation with Trump while looking to explain his personal and professional background, the report said, adding that he could propose ways Intel and the US government could work together, the report said.
