TMTPOST -- U.S. Treasury Secretary Scott Bessent on Wednesday touted the   revenue-sharing   agreement   recently struck between the Trump administration   and Nvidia Corporation   as a possible model,   raising prospects of other industry   witnessing adoption   of the deal.  

Credit：China Central Television

"I think we could see it in other industries over time," Bessent said in an interview with Bloomberg on Wednesday. "I think right now this is unique,   but now that we have the model and the beta test, why not expand it?"

Bessent   made   the comments   after Trump on Monday confirmed reports   that Nvidia   will be allowed   to sell certain AI chips to China, in exchange   for   giving   the U.S. government   15% of the revenue they   get   from   the   sales. H20   is   the microprocessor that Nvidia   had specially tailored to the Chinese market to comply with the Biden-era AI chip export controls.

Nvidia   and   its competitor Advanced Micro Devices Inc.   ( AMD )   were reportedly   to   agree   to pay part of their   revenue   from   China to   the U.S. government   as part   of a deal the   Trump administration to secure export   licenses.  

The Financial Times ( FT )   on   Sunday   cited a U.S. official   as saying that   Nvidia   would share   15% of   the revenue from sales of its H20 chips   in China and AMD   will share the same share from MI308 revenues. Bloomberg later echoed   the report, noting the   agreement   Nvidia and AMD   made   with the U.S. government were   unusual if not unprecedented arrangement that stands to unnerve US companies and Beijing alike.

Trump on Monday said he originally asked   Nvidia for   a 20%   cut of its chip sales   to China, but lowered   the share of revenue   to 15% after its CEO Jensen Huang negotiated with   him.   The   president called Nvidia ’ s   H20   an "old chip that China already has" and   "obsolete." "So I said, ‘ listen, I want 20% if I ’ m going to approve this for you, for the country, ’ " Trump said,referring   to his   meeting with Huang.  

Trump   said   he   wouldn ’ t allow   Blackwell, Nvdia ’ s   latest   advanced   AI chip,   to be sold   to China without   significant downgrade, while he indicated he could allow the company to sell the scaled-down Blackwell.

"Jensen also has the new chip, the Blackwell. A somewhat enhanced-in-a-negative-way Blackwell. In other words, take 30% to 50% off of it,"   said Trump.   "I think he ’ s coming to see me again about that, but that will be an unenhanced version of the big one," he added.  

Bessent   on Wednesday played down fears that the agreement with Nvidia would impose national security risks by giving China access to U.S. technologies, arguing that the chips in quesiton were "levels down the chip stack." "There are no national security concerns here. We would not sell any advanced chips," said he.

Moreover, Bessent believes approval for sales of Nvidia's H20 chips in China would make them "the bellwether for Chiense technology " while swelling the U.S. government's coffers.

White House press secretary Karoline Leavitt   on Tuesday suggested   more   companies may   may need to negotiate deals for export licenses, similar to Nvidia's recent arrangement.

The   Trump administration is   still working   out the details of its 15% export tax on Nvidia and could bring deals of this kind to more companies,   according to Leavitt. "Right now it stands with these two companies. Perhaps it could expand in the future to other companies," said Leavitt.