It may take some time for Nvidia to see an upside from U.S. President Donald Trump’s unprecedented offer to allow AI chip sales to China in exchange for a 15% cut.

The deal could shake up an export control regime designed to maintain the U.S.’s edge in strategic technologies. Officials like Treasury Secretary Scott Bessent are already positioning the arrangement as a model for other companies hoping to sell sensitive technology to China.

But during Nvidia’s earnings call on Wednesday, CFO Colette Kress noted that while the U.S. government has expressed an “expectation” that it’d get 15% of Nvidia’s H20 revenue, it “has not published a regulation codifying such requirement.”

In a later exchange filing, Nvidia warned that “any request for a percentage of the revenue by the USG may s

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