Nvidia and AMD to give 15% of China chip sales to US

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  Hello and welcome to World Business Report from the BBC World Service.

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  I'm BC Adibaya.

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  Coming up, a first of its kind deals these two of America's high-tech chip giants,

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  Nvidia and AMD, agreeing to give Washington a slice of their China sales.

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  We'll tell you why.

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  And in South America,

• 00:18

  believers dollar crunch is fueling inflation and driving more people to the black market.

• 00:22

  Plus, this week on our special Africa series,

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  we turn our attention to the continent's natural resources.

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  And today we're in Botswana.

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  We'll begin with American tech giants NVIDIA and AMD accepting to pay the U.S. government 15% of their China sales to keep exporting to Beijing.

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  And that includes NVIDIA's H20 chips, which were... banned over security concerns,

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  and China has been pushing for those curbs to be eased as part of wider trade talks.

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  I had a chat with the BBC's Maura Fogarty from Singapore.

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  So the BBC has confirmed that both NVIDIA and AMD will indeed be paying 15% of the revenues that they make from selling chips to China.

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  to the US government.

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  It's extraordinary

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  because it's quite unusual for companies to be paying part of their revenues to the US government in terms of selling something overseas.

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  Usually you're just taxed on what you make overall.

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  What the deal allows

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