Trump confirms Nvidia chip agreement
Nvidia will pay the United States 15% of the money it makes from selling artificial intelligence chips to China, President Donald Trump said in a press conference on Monday.
Trump said he allowed Nvidia CEO Jensen Huang to sell H20 chips to China while the company provides the U.S. government with a kickback of the profits.
“The H20 is obsolete,” Trump said. “So we negotiate a little deal so he’s, essentially, selling an old chip,” Trump added, referring to Huang.
Trump said he initially asked for a 20% cut from sales of Nvidia’s chips but the two landed on 15%.
In April, Trump banned Nvidia from selling H20 chips to China. The administration later reversed the ban in July.
A coalition of democratic lawmakers, including Sen. Chuck Schumer, D-N.Y., criticized the administration’s July reversal.
“Limiting the PRC’s access to advanced compute has been a focus of Congress: one with a strong bipartisan commitment across both chambers and both parties,” The letter read.
“The PRC’s development of advanced AI capabilities represents a clear risk to the United States’ national and economic security, and the administration’s willingness to trade away that security is extremely troubling,” the letter continued.
Chance Showers And Thunderstorms
Latest News Stories
Illinois Quick Hits: Red Line funds ordered to be unfrozen
EXCLUSIVE: 5 years in, Operation Lone Star seizes 870 million lethal doses of fentanyl
Proposal to decrease reliance on paper documents passes House
Late Sixth-Inning Surge Lifts Casey-Westfield Baseball Past Altamont 4-1
Monroe Elementary Reading Initiatives Raise $13,000 as Students Log Nearly 91,000 Minutes
Gilbert Drives in Five as Casey-Westfield Outslugs Windsor/Stewardson-Strasburg 11-7
Meeting Summary and Briefs: Marshall C.U.S.D. C-2 Board of Education for March 12, 2026
Chicago can’t ditch airlines’ suit vs ‘disruptive’ paid sick leave rules
FEMA says funding debate didn’t affect response to Hawaii
Maryland Supreme Court tosses Blue cities’ climate lawsuits against energy companies
Arizona Senate majority leader blasts Phoenix resolution limiting ICE operations
$4.4B budget request for new Illinois early childhood agency draws scrutiny
