Nvidia and AMD have agreed to remit 15% of their China-based revenue to the US government. This agreement is reportedly a condition for securing export licenses to continue operating in China, the world's second-largest economy. The deal underscores the ongoing tensions and trade negotiations between the US and China regarding technology and market access. It also highlights the significant reliance of these chip manufacturers on the Chinese market for revenue generation, and the increasing regulatory scrutiny they face in navigating international trade policies.