Just days after securing a controversial deal to re-enter the Chinese market, the AI giant is on the defensive, forcefully denying accusations from Beijing that its chips are a tool for espionage.

The arrangement crafted by the Trump administration is “unusual,” analysts told CNBC, but underscores the transactional nature of the current White House leader.

Chip giants Nvidia and AMD have agreed to pay the US government 15% of Chinese revenues as part of an "unprecedented" deal to secure export licences to China, the BBC has been told.