Trump negotiates deal giving US government 15 percent of Nvidia's AI chip revenue from China sales

The Trump administration reaches a deal with Nvidia allowing limited AI chip sales to China in exchange for the US government receiving 15 percent of revenue from those transactions. The arrangement — structured as a licensing fee paid to the Treasury — reverses Biden-era blanket restrictions and gives Trump a financial stake in Nvidia's Chinese market access. Critics argue it converts national security policy into a revenue stream and creates perverse incentives for expanding chip access. Jensen Huang had lobbied Trump directly at Mar-a-Lago for months. Congress receives no notification before the deal is announced.