Nvidia and AMD agreed to pay the U.S. government 15% of its revenue from the sale of a certain chips to China. Is that legal?

The U.S. government has given artificial intelligence giants Nvidia and AMD the green light to sell some chips to China in exchange for a 15% cut of the revenue. Technology journalist Jacob Ward joins CBS News to dig into the deal and some of the other top AI stories.

Rep. Don Bacon (R-Neb.) said Monday evening that President Trump’s unusual agreement with major chipmakers Nvidia and AMD to share some of their revenue from chip sales in China is “not a good deal.” “We’ve got to realize we’re in an intellectual war,