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  • 5 months ago
Senate Democrats are urging Trump to halt his plan allowing Nvidia and AMD to sell AI chips to China in exchange for a 15% revenue share with the U.S. The lawmakers warned in a letter that the policy could strengthen China’s AI sector and undermine U.S. national security. Senate Democrats urged Trump to reconsider his plan allowing Nvidia and AMD to sell AI chips to China, warning it could undermine U.S. national security. The policy debate raises risks for both companies, which rely on China as a key market for growth. AMD’s reliance on AI market growth means losing China sales could derail its data center targets, slow its race with Nvidia, and limit investor returns. The open letter highlights mounting political pressure that could reshape AI chip sales and weigh heavily on both companies’ growth outlook.

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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Senate Democrats are urging President Trump to hold his plan allowing NVIDIA and AMD to sell AI chips to China,
00:07in exchange for 50% revenue share with the U.S.
00:10Hallmakers warned a letter that the policy could strengthen China's AI sector and undermine U.S. national security.
00:16Senate Democrats urge Trump to reconsider his plan, allowing NVIDIA and AMD to sell the AI chips to China.
00:21The policy debate raises risks for both companies, which rely on China as a key market for growth.
00:26AMD's reliance on AI market growth means losing China's sales could derail its data center targets,
00:32slow its race with NVIDIA, and limit investor returns.
00:35The letter highlights mounting political pressure that could reshape AI chip sales and weigh heavily on companies' growth.
00:41For all things money, visit Benzinga.com.
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