The Trump administration has cleared semiconductor giants Nvidia and Advanced Micro Devices (AMD) to resume sales of certain artificial intelligence chips to China — on the condition that the U.S. government receives 15 percent of the revenue from those sales.

The unusually structured deal followed a White House meeting last week between Nvidia CEO Jensen Huang and President Donald Trump. Licenses were issued two days later.

"We follow rules the U.S. government sets for our participation in worldwide markets," Nvidia said in a statement, adding that it hoped the policy "will let America compete in China and worldwide."

AMD did not immediately respond to Newsweek for a request for comment.

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