President Donald Trump upended corporate norms this week after Nvidia and AMD agreed to give the US government 15 per cent of their Chinese chip sales in exchange for being awarded export licences.

President Donald Trump’s controversial plan to take a cut of revenue from chip sales to China is leading to concerns that the US government will find new ways to start charging companies for a range of business activities with other countries.

Nvidia ($NVDA) and Advanced Micro Devices ($AMD) just agreed to hand over 15% of their China chip sales to the U.S. government to secure export

President Donald Trump met on Monday at the White House with Intel CEO Lip-Bu Tan, just days after demanding that the head of the chipmaker resign.