The United States' two leading makers of semiconductors that power AI have agreed to pay 15% of their China sales of two chips in exchange for export licenses.

Chipmaking giants Nvidia and AMD will reportedly have to pay the U.S. government a 15% cut on the revenue generated from AI chip sales to China.

Nvidia Corp. and Advanced Micro Devices Inc. agreed to pay 15% of their revenues from Chinese AI chip sales to the US government in a deal to secure export licenses, an unusual arrangement that may unnerve both US companies and Beijing.