is a news writer who covers the streaming wars, consumer tech, crypto, social media, and much more. The Trump administration has ordered Nvidia and AMD to pay the federal government a 15 percent cut of their AI chip sales revenue to China, according to reports from The New York Times and The Financial Times. Nvidia CEO Jensen Huang reportedly reached an agreement with President Donald Trump just days before the Commerce Department granted the companies licenses to sell AI chips. “I said, ‘Listen, I want 20 percent if I’m going to approve this for you, for the country,’” Trump said. After the Trump administration put restrictions on AI chip sales to China in April, both companies confirmed last month that they would soon resume shipments once they received licenses.