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Investing.com -- U.S. President Donald Trump confirmed Monday that Nvidia (NASDAQ:NVDA) will pay 15% of its Chinese H20 chip sales to the U.S. government as part of a deal to secure export licenses.
Speaking to reporters at the White House, Trump revealed that Nvidia CEO Jensen Huang negotiated the payment down from the 20% that Trump had initially requested.
The President also addressed the potential export of Nvidia’s next-generation advanced GPU to China. "Jensen also has the new chip, the Blackwell," Trump said. "I wouldn’t make a deal with that, although it’s possible."
Trump’s comments suggest he may be open to allowing the export of un-enhanced Blackwell chips to China, though he initially expressed reluctance about such an arrangement.
The agreement comes as the U.S. continues to navigate complex trade relationships with China, particularly regarding advanced technology exports.
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