Nvidia and AMD agreeing to give 15% of their China chips revenue back to the U.S. doesn't recall any deal ever struck by the U.S. government.

Senators mainly cite the national security concerns of sending AI tech to China, but also note that the US Constitution says, 'No Tax or Duty shall be laid on Articles exported from any State.'

Tencent Holdings Ltd. on Wednesday floated enough artificial intelligence (AI) chip stockpile and many alternatives, playing down the potential impact of pause in supply of Nvidia Corporation's H20 chips.

As reported by Bloomberg, Nvidia was summoned by "Beijing authorities" over suspected security risks with its H20 chips. Nvidia is said to have been asked to explain potential risks by the Cyberspace Administration of China, and whether or not Nvidia's chip had a backdoor, which could be accessed and logged remotely without the consent of owners.

Nvidia shared an opinion piece by Aaron Ginn, co-founder of AI company Hydra Host, stating that despite the U.S.’s export controls on Nvidia’s H20 chips, China continued to achieve AI breakthroughs.

President Trump has confirmed that the US government will receive 15% of the sale of Nvidia's ( NVDA) H20 chips to China. The move, along with a similar one that will see rival Advanced Micro Devices ( AMD) turn over 15% of its China revenue, adds an interesting wrinkle to Nvidia's upcoming earnings schedule for Aug. 27.