Aug 10 (Reuters) -

Nvidia ( NVDA ) and AMD have agreed to give the U.S.

government 15% of their revenues from chip sales in China, under

an arrangement to obtain export licenses for the semiconductors,

the Financial Times reported on Sunday.

The revenue share applies to Nvidia's ( NVDA ) H20 chips and

AMD's MI308 chips, the report said, citing a U.S. official,

noting that the Trump administration had yet to determine how to

use the money.

The chipmakers agreed to the arrangement as a condition

for obtaining export licences for the Chinese market that were

granted last week, FT reported.

Nvidia ( NVDA ) follows rules the U.S. government sets for its

participation in worldwide markets, an Nvidia ( NVDA ) spokesperson told

Reuters in an emailed statement. "While we haven't shipped H20

to China for months, we hope export control rules will let

America compete in China and worldwide."

AMD did not immediately respond to a request for

comment.

The Commerce Department started issuing

licenses

to Nvidia ( NVDA ) to export its H20 chips to China last week,

removing a significant hurdle to the artificial intelligence

bellwether's access to a key market.

The U.S. last month reversed an April ban on the sale of

the H20 chip to China. The company had tailored the

microprocessor specially to the Chinese market to comply with

the Biden-era AI chip export controls.