US President Trump agreed that NVIDIA would pay 15% of the government's sales to release H20 chips to China. He also publicly asked Intel Executive Chairman Chen Liwu to step down; the New York Times pointed out that there has never been a case...
US President Trump agreed that NVIDIA would pay 15% of the government's sales to release H20 chips to China. He also publicly asked Intel Executive Chairman Chen Liwu to step down; the New York Times pointed out that there has never been a case in the history of US economics that operators need to pay the government to obtain export permissions, and Trump has become the global chip industry commander.
The Republican Party, which believes in the free capitalism, has always opposed the government's interference in corporate operations, but President Donald Trump has recently done the opposite.
Trump and NVIDIA (Nvidia) executive chief Huang Renqian agreed to NVIDIA to export H20 artificial intelligence chips to China, but they must pay 15% of the sales to the federal government. Trump believes that Intel executive director Chen Liwu has close ties with China and publicly demands that he step down, and the two will change their situation after meeting.
New York Times quoted the views of American economic historians. This was the federal government intervened in the most violent action of the U.S. economy after President Barack Obama saved the huge and undefeated banking system and the automobile industry in 2009, but lacked rationality.
In the history of the United States, no businessman paid for the government to agree to export, and the Department of Commerce has not yet responded to how this money should be collected and used. Anne Harrison, professor of economics at Burke University, said that this is not a rational industry policy, but a government intervention in operation, and Trump will be punished if he disagrees; he has taken too much control.
Trump has been interacting with chip technology practitioners recently and met with Huang Rensheng, Chen Liwu and Apple executive Tim Cook in Baigong. After the meeting, the number of business operators will continue to increase their investment. When chip operators import products from foreign countries, they can exempt 100% of import tax.
Jimmy Goodrich, a senior analyst at RAND Corporation, said that Trump is leading (chip industry), and the operators do not know when the operation plan must be changed under pressure. In addition to promising financial aid and sending gifts to the president for release, there are few choices from the businessmen. Goodriche pointed out that Trump's style of action makes the situation look like a flying car in the sky, and no one can get the direction.
