There was a point towards the end of that that sequence of comments about exporting the American technology stack. Exporting chips, in particular your colleagues in the Cabinet. Mr.. NEC, for example, talked about this at length on stage. All we going to get a set of rules and how will we decide the volume and specificity of the types of chips that we can sell, particularly in China. Thank you for having me here.I think you know you're going to work on that. I think if you look at the executive order that P ...

Semiconductor Industry & National Policy - The U S aims to lead in transformational technologies like AI, requiring collaboration between public and private sectors [3] - Computing is crucial for national security and economic growth, necessitating a balance between strengthening America and global development [9][10] - The U S administration acknowledges the complexity of global semiconductor supply chains and the importance of collaboration with allied countries [11][13] - Onshoring manufacturing capabilities for U S needs is a priority, while leveraging global resources from allied countries [13] Energy Efficiency & Infrastructure - High-performance computing is foundational for unlocking potential, with a focus on energy efficiency in chip design [5][6] - Ensuring sufficient power for computing demands is critical, supporting the acceleration of data center construction and power capabilities [7] - AMD is focused on making its chips the most energy-efficient [6] Manufacturing & Cost - Advanced chip manufacturing in the U S is possible, exemplified by activities in Arizona with TSMC [15] - The action plan supports bringing necessary resources (regulatory, power) to accelerate manufacturing [16] - Manufacturing in the U S may be marginally more expensive (high double digits percentage, less than 20%, more than 5%), but it enhances supply chain resiliency [18][19] Export & Global Market - Exporting American technology is beneficial for global development, even to economic adversaries, requiring a balanced approach [9][10] - The administration is working with the industry to understand constraints related to technology exports [10] Action Plan & Future Steps - The action plan serves as a blueprint for public-private partnerships, focusing on exports and open ecosystems [22] - Collaboration with the Department of Energy and national labs can accelerate AI development in the U S [23]

Economic Growth & Competitiveness - The White House action plan aims to provide "shock therapy" for American competitiveness in the industry [2] - The plan balances security objectives with the need to scale the industry and remain competitive through investment, infrastructure, and diplomacy [3] - Deregulation is a central pillar to unleash American builders and foster job creation by reducing time spent on legal fees and bureaucracy [5][6] - The plan emphasizes historic investments in critical infrastructure, especially the energy grid, to increase electricity supply which has stagnated since 2008 [4] Technology & Innovation - The administration prioritizes AI opportunity, contrasting with an overemphasis on safety stemming from concerns about negative impacts on labor markets [10] - Exporting the American technology stack is important to expand market share, lock out competitors, and establish America as the platform on which the rest of the world builds [7][8][9] - The goal is to have a broad and diverse user base to develop the most advanced algorithms [8] Labor Market & Productivity - The administration believes that increased labor productivity through technological breakthroughs like AI will lead to increased demand for labor and job creation, referencing Jevons Paradox [10][11]

Government Policy & Regulations - The Biden administration initially allowed China to buy certain Nvidia chips, then restricted it, and later agreed to resell older chips as part of a deal [1] - The US administration permits Nvidia to sell its fourth-best chips to China, balancing economic interests with technological advantage [2][3] Market Strategy & Competition - Nvidia aims to keep Chinese developers reliant on the American technology stack by selling them chips that are not the most advanced [2][5] - The strategy is to stay ahead of China's chip development capabilities, ensuring they continue to purchase American chips [5] Financial Performance & Stock Impact - Nvidia's stock experienced a 45% increase following the news regarding sales to China [3] - Nvidia has a market capitalization exceeding 4 trillion dollars, and its growth positively impacts the broader market [3] Technological Considerations - The newest Nvidia chip is called Blackwell, followed by H200 and H100, with the allowed sales involving a less advanced, fourth-tier chip [2] - The US aims to maintain a technological advantage over China in chip development [5]