President Trump has had a busy week making moves across the US chip industry. And it’s only Wednesday. On Monday, Trump revealed his administration will take a 15% cut of sales of Nvidia (NVDA) and AMD’s (AMD) chips to Chinese companies in exchange for allowing the AI hardware to flow back into the country.

A Groundbreaking and Controversial Arrangement Nvidia (NASDAQ:NVDA) and Advanced Micro Devices (NASDAQ:AMD), two of the world’s leading semiconductor companies, have agreed to an extraordinary deal with the Trump administration,

Donald Trump may allow Nvidia (NVDA) to sell a more advanced AI chip in China, Michael Acton, Demetri Sevastopulo, Tim Bradshaw, and Myles