New Delhi, Aug. 12 -- Donald Trump's transactional approach is known all too well, but his latest give-and-take arrangement has taken state interference in business to an all new level. The US government has reportedly got Nvidia and AMD to agree to parting with 15% of their revenue from the sale of certain chips to China.

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These chips-Nvidia's H20 AI accelerator and AMD's MI308 chips-required an export licence under Trump's policy of denying China access to high-end semiconductors, aimed at keeping the US ahead in the AI race.

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US-China talks reportedly got Washington to soften its stan...