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.

Nvidia and AMD agreed to share 15% of their revenues from chip sales to China with the U.S. government, President Donald Trump confirmed at a press conference on Monday.