Nvidia and its smaller rival Advanced Micro Devices have both agreed to remit 15% of the revenue they generated from AI chip sales in China to the Trump administration, The Wall Street Journal reported Sunday, citing people familiar with the matter.

Nvidia and AMD will give 15% of China chip sales to the U.S. government under a new export license deal. Here’s how shares are reacting.

The arrangement crafted by the Trump administration is “unusual,” analysts told CNBC, but underscores the president's transactional nature.