U.S. President Donald Trump on Monday suggested he might allow Nvidia to sell a scaled-down version of its next-generation advanced GPU chip in China, despite deep-seated fears in Washington that China could harness U.

The agreement between the chipmakers and the U.S. government will allow Nvidia and AMD to obtain export licenses to resume sales to China.

Donald Trump said he is considering allowing Nvidia to sell a more advanced chip in China after confirming that he “negotiated a little deal” in which the US will take a 15 per cent fee of the chipmaker’s artificial intelligence processor sales to the country.