Ways & Means Democrats: Chip export fee illegal, sets dangerous precedent

Ways & Means Democrats: Chip export fee illegal, sets dangerous precedent

The Trump administration’s plan to require that U.S. chip exporters give the U.S. government 15 percent of their revenues from sales of restricted semiconductors to China is unlawful and sets a dangerous precedent that risks damaging U.S. national security and economic interests, 15 House Ways & Mean Democrats told President Trump on Thursday. Trump last month confirmed his administration would grant Nvidia and AMD export licenses to sell contro…