Trump threatens to forcibly displace homeless individuals in Washington, suggesting potential deployment of the National Guard
In a significant development, Nvidia's CEO, Jensen Huang, met with U.S. President Donald Trump on August 8th to discuss the impact of impending U.S. tariffs on semiconductor imports and negotiate terms that would allow Nvidia to continue exporting certain AI chips to China.
The meeting, which took place in the White House, resulted in a trade arrangement under which Nvidia was allowed to sell its advanced AI chips to China, but with conditions. Notably, Nvidia agreed to pay the U.S. government 15% of revenue from its sales of AI chips to China, effectively sharing revenue derived from this key market with the U.S. government.
This deal allows Nvidia to reopen a critical revenue stream from China under restrictive but negotiable terms, balancing national security concerns with commercial interests. The administration’s goal was to control the level of chip technology reaching China while fostering dependency on American technology.
The meeting between Trump and Putin, scheduled for August 15 in Alaska, will focus on the Ukraine war. Meanwhile, the news conference in Washington on May 22 was related to unspecified matters, with the Mayor of Washington, Muriel Bowser, among those in attendance.
Amidst the backlash, Trump publicly defended this deal, emphasizing the importance of maintaining some U.S. leverage over chip exports to China through such arrangements. In a separate development, Trump has demanded the resignation of the Intel CEO due to perceived China ties.
The signing ceremony, held in the State Dining Room of the White House on Aug. 8, was also attended by U.S. Attorney Jeanine Ferris Pirro. The topic of discussion for the meeting between Trump and Putin is the Ukraine war, and the ceremony was held in Washington, D.C.
- The deal between Nvidia and the U.S. government, resulting from a meeting at the White House, involves sharing a portion of Nvidia's revenue from AI chip sales to China with the government, signifying a unique blend of industry, business, and policy-and-legislation.
- In another development, Trump demanded the resignation of the Intel CEO due to perceived ties with China, demonstrating the interplay between business, politics, and national security interests.
- The forthcoming meeting between Trump and Putin in Alaska will discuss the Ukraine war, demonstrating the connection between politics, general news, and war-and-conflicts.
