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Other Voices: Good for Nvidia Shareholders, Maybe. But Bad for America

President Trump’s deal allows Nvidia and AMD to export select AI chips to China, raising concerns about technology transfer and ongoing chip smuggling risks, officials said.

Summary by Pioneer Press
The deal that Nvidia CEO Jensen Huang hammered out with President Donald Trump in the Oval Office this month might be good for his shareholders. But it’s bad for America. After Huang promised to pay the U.S. government 15 percent of the revenue he makes from selling certain artificial intelligence chips to China, Trump called Commerce Secretary Howard Lutnick and directed him to issue the necessary export licenses to allow Nvidia to resume a val…

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Fortune broke the news in New York, United States on Saturday, August 16, 2025.
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