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America must not embrace state capitalism. Block Trump’s chip scheme.

The Trump administration secured a deal requiring Nvidia and AMD to share 15% of their chip sales revenue to China with the U.S. government, raising legal and market concerns.

Summary by Press-Telegram
If the United States is to keep up with China in artificial intelligence and other emerging technologies, we must allow the private sector to lead the way with minimal government meddling. Unfortunately, under President Trump, who’s supposed to be a free-market guy, we are lurching into China’s model of heavy direction by the government, called state capitalism.  Examples of this sort of intervention by the government include the extensive use o…

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Press-Telegram broke the news in on Wednesday, August 13, 2025.
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