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Critics Slam Trump’s Chip Deal, Warn of China Risks

8/14/2025

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Summary

Story summary

Spencer Hakimian criticized the Trump administration's chip export deal, suggesting it pressures U.S. businesses to support China.
Nvidia and AMD will pay 15% of AI chip sales revenue to China for export licenses.
Critics, including economist Peter Schiff, claim the deal is unconstitutional and undermines U.S. trade policy.
Concerns grow that even reduced-capacity chips could bolster China's military capabilities, violating prior restrictions.
The U.S. is shifting its tech trade strategy, increasing public concern over impacts on American companies.

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Story summary

Spencer Hakimian criticized the Trump administration's chip export deal, suggesting it pressures U.S. businesses to support China.
Nvidia and AMD will pay 15% of AI chip sales revenue to China for export licenses.
Critics, including economist Peter Schiff, claim the deal is unconstitutional and undermines U.S. trade policy.
Concerns grow that even reduced-capacity chips could bolster China's military capabilities, violating prior restrictions.
The U.S. is shifting its tech trade strategy, increasing public concern over impacts on American companies.