Rep. Don Bacon (R-Neb.) said Monday evening that President Trump’s unusual agreement with major chipmakers Nvidia and AMD to share some of their revenue from chip sales in China is “not a good deal.” “We’ve got to realize we’re in an intellectual war,

I called some CEOs yesterday to get their thoughts on Nvidia and AMD’s deal to give the U.S. government a 15% cut of AI chip sales to China to secure export licenses. Most were surprisingly sanguine about the unusual arrangement.

The arrangement crafted by the Trump administration is “unusual,” analysts told CNBC, but underscores the president's transactional nature.