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Trump administration demands 15% of Nvidia and AMD's AI chip sales to China in exchange for export licenses, raising concerns about national security and trade policy.
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AdvertisementSKIP ADVERTISEMENTYouβre reading the DealBook newsletter. The most crucial business and policy news you need to know from Andrew Ross Sorkin and team. Get it sent to your inbox.ImageImagePresident Trump and Jensen Huang of Nvidia in April. The Nvidia leader persuaded the president to approve A.I. chip sales by arguing that preventing them would only hurt U.S. tech companies.Credit...Pete Marovich for The New York TimesAndrew here. President Trump has made deals with Nvidia and AMD to take 15 percent of their A.I. chip sales to China. It is a surprising new twist in the narrative around national security and tariffs. Depending on your perspective, this is a new form of industrial policy or some form of extortion. What do you think? Let us know.Also on Monday: I discuss on βThe Dailyβ why the markets have held up better than expected as higher tariffs go into effect β and how C.E.O.s are reacting.The Trump chip commissionAs President Trump has waged trade wars around the glo...
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