This is going to be a key conversation that Jensen Huang is likely to be having with the president of the United States, because once again, another chip design for China being pushed back by the country itself. Well, that's right, Kara and Jensen Huang has been having those kinds of conversations with President Donald Trump since he took office in January. He is Jensen has been trying to reshape the picture when it comes to export controls in a way that's a little bit more advantageous for video.Over the p ...

You need the magnets. You need the raw materials from China. The president is working uh to negotiate a final agreement with China.Do you need that done by a certain amount of time before you start to say, "Hold on, the warning light is flashing that we're in trouble here." Yeah, we've talked a lot about export controls around heavier earth metals, you know, which come out of China today. I think there's two pieces. One is, of course, we need to continue to have trade relationships with China on those heavi ...

Treasury Secretary Scott Bessant and US Trade Representative Jameson Greer met with their Chinese counterparts in their fourth meeting in four months. Megan Cassella joins us right now. She has more on that.Megan, good morning. Becky, good morning. That's right.Officials are right now in their fourth hour of trade talks so far today in Madrid. They kicked off this morning around 9:15 local time. According to a senior US official, principles from the two sides also met for just about 6 hours yesterday and lo ...

Core Points - U.S. and Chinese trade negotiations are ongoing in Madrid, focusing on key issues such as tariff rates, export controls, and the divestment of TikTok [1][2] - The talks represent the fourth round of bilateral meetings in four months, following a previous agreement to pause steep tariffs and reduce mutual restrictions [3] - U.S. Treasury Secretary Scott Bessent indicated progress on technical details and a potential agreement on TikTok, despite aggressive demands from the Chinese side [3][4] Trade and Economic Relations - The negotiations are led by high-level officials from both countries, with U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer representing the U.S., while Chinese Vice Premier He Lifeng and top negotiator Li Chenggang represent China [2] - Recent tensions have escalated, particularly with China launching investigations into the U.S. semiconductor industry, including anti-dumping and anti-discrimination probes [4][5] - The U.S. added 23 more China-based companies to its entity list, prompting China's market regulator to investigate Nvidia for potential anti-competition violations [5][6] Industry Implications - Nvidia has become a focal point in the negotiations, with its situation being used as leverage by both the U.S. and China [6] - The ongoing investigations into Nvidia are perceived as part of China's negotiation tactics to assert its position against the U.S. [6]

China has put strict export controls on rare earths. Western leaders consider the threat grave. But there are efforts to reduce the dependence on China in America, Japan and the European Union https://t.co/cCCltT3F17 ...

Market Trends & Regulatory Impact - Nvidia and AMD reportedly agree to give the US government 15% of revenue from AI chip exports to China in exchange for export licenses [1] - The agreement raises questions about national security concerns and whether the government is arbitrarily intervening in business deals [2][3] - China is reportedly downplaying the importance of the chips, citing potential security issues [4][5] - The situation sets a unique precedent for government intervention in the market, potentially mirroring China's approach [7][8] - The shift from viewing export controls as a national security issue to a trade issue is a concerning precedent [9][10] Company Performance & Competitive Landscape - The 15% revenue share may disproportionately affect AMD due to its lower margins compared to Nvidia [2][3] - The agreement could potentially benefit Nvidia more than AMD due to Nvidia's stronger margin position [3] - The involvement of the White House as a backer for Nvidia is seen as a powerful advantage [8] Potential Expansion & Future Implications - There are concerns that companies like Tesla and Apple could eventually be affected by similar regulations [6] - The situation may expand beyond AMD and Nvidia to include other chip players [6]

Export Control & Enforcement - US authorities have secretly placed tracking devices in targeted shipments of advanced chips believed to be destined for China [1] - The aim is to prosecute individuals and companies profiting from violating US export controls [1] - Servers from manufacturers like Dell and Super Micro Computer, containing Nvidia and AMD chips, were reportedly tracked [1] Alleged Smuggling Operation - Two Chinese citizens were arrested in California and charged with shipping tens of millions of US dollars worth of AI chips, including Nvidia H100s, to China between October 2022 and July 2025 [1] - The individuals' company, ALX Solutions, allegedly sent over 20 shipments to freight forwarders in Singapore and Malaysia, used as transit points to China [1]

Trade Negotiation Dynamics - The current trade negotiations between the US and China are proceeding at a slower pace compared to previous deals [1] - Both sides have agreed to a tariff rollover, allowing them to focus on key outstanding issues such as export controls, critical minerals, and excess capacity [1] - The US administration may be internally divided on the approach to China, particularly regarding export controls [6] Export Controls and National Security - The US position on export controls has historically been that they are non-negotiable due to national security concerns [3] - The Trump administration's openness to discussing export controls has created an opportunity for China to seek rollbacks of existing restrictions [4] - The US faces a decision on whether to supply China with chips and high-tech goods needed for its advanced A I industry [5] China's Leverage - China is in a stronger negotiating position compared to the Phase one trade talks, leveraging its control over critical minerals and magnets [7] - China may use its leverage to seek a more balanced deal with the US [7] - China could use its access to rare earths to its advantage in the negotiations [6] Potential Outcomes and Risks - A limited deal may be reached, with a process established to address unresolved issues [8][9] - Emerging issues could be put on the table, but time is limited [8] - If the US doesn't offer terms that China finds acceptable, new issues could be introduced during the next 90 days [8]

There is a lot to unpack here, but it's interesting that Aean brings up the the national security point because remember that's how this whole thing got started in terms of requiring export controls on this very unique sector as a said it's because of national security effort and all of a sudden 15% it makes that go away seemingly. Let's hone in on in Yes. And we're going to discuss AMD and Nvidia and what appears to be, you know, paytoplay type of thing.But, you know, the Intel calling for your res calling ...

Turning now to two of America's premier semiconductor makers and their massive deal with White House, which gives the US government a 15% cut of some of their profit from sales to China. That's right, the agreement involves Nvidia and AMD. The companies make chips that are crucial to the artificial intelligence boom.This unusual business move integrating the US government in private enterprise. So, with that said, we got to bring in the perfect guy. NBC News business and data correspondent Brian Chung.Good ...