Intel's CEO will reportedly meet with Trump on Monday.
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Browse all episodes Bloomberg Tech: Nvidia, AMD AI Deal Bloomberg Tech Nvidia, AMD AI Deal Arrow Right 33:47 Bloomberg's Caroline Hyde and Ed Ludlow discuss Nvidia's and AMD's agreement to pay 15% of their revenues from Chinese artificial intelligence chip sales to the US government. Analysts and investors react to the 'unprecedented' deal. Plus, Intel CEO Lip-Bu Tan is set to meet with President Donald Trump, after the US leader called his resignation.
Yahoo
an hour ago
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Trump's 'pay-to-play' deals blur line between govt. & free market
It seems "pay to play" may be the name of the game for corporate leaders under the second Trump administration. Nvidia (NVDA) and, reportedly, AMD (AMD), will give the US government 15% of their China chip sales. The artificial intelligence (AI) chipmaker deal comes after the Trump administration secured an additional $100 billion investment from Apple (AAPL), which seemed to mitigate the president's tariff threats. Harvard University executive fellow and former Medtronic CEO Bill George and Pangaea Policy founder Terry Haines examine what the deal signals about the state of corporate America under Trump and how the president is blurring the lines between government and free-market capitalism. To watch more expert insights and analysis on the latest market action, check out more Market Catalysts. And Bill, I I want to get your perspective on how you think Jensen Wong has handled the president? Or has he, or has been handled by the president, I guess you could say, um with his various meetings in Washington and sort of trying to finesse things in NVIDIA's direction. Well, he's been very astute at working with President Trump. He's made these concessions. Uh he very very much wants to do more business in China. Intel in the past has done exactly the same thing. Uh I think if they're not giving their latest and greatest technology to the Chinese, it may be okay. I'm very wary about giving American technology to China where we're in a big race, particularly AI technology. But uh I think it's, we'll see. My big concern is this is going to spread not just to semiconductor, it's going to spread to other industries. Will we see in pharma where there's a a pay to play so to speak that the US administration will be taking a share of that because the technology research was done in the US. And I I would be very very concerned about that. We seem to be developing much more of a mercantilist approach to our companies and and walking right up if not crossing over the line to separation between government and free enterprise. That's my biggest concern, Julie. And Bill, you know, even if Terry is right that this this particular type of structure of deal is a one-off, to your point, we have seen a whole host of different flavors of that mercantilist approach that you're talking about. What in your view are the risks of that approach? Well, that we don't have a line between government and capitalism, as you see in many other countries. And I think that's a big concern. How far do you go? The president just advocated not directed the firing of Intel CEO with no evidence that he uh, yes, he has connections in China. So does Tim Cook, so does Elon Musk. But that should not be a prima fascia evidence for firing him. So I see the the CEO of Intel is hustling into the White House today to try to make peace with the president. But how far will this go? That's my concern and how much direction will there be to private industry about how to run this company? We have the golden share of Nippon Steel. And so the president's clearly taking an investment if you will, on behalf of the government in in a lot of industries. And I'm concerned, you know, we're just at the start of this administration. How far is that going to go? And we'll see. And also, the commitments being made, huge. I mean, like Apple, $100 billion on top of $500 billion. Uh enormous in four years. A lot of that won't play out till the end of the administration, but I think these tariffs, no, I think is going to take effect much sooner. And and Terry, you know, sort of what we hear Bill describing there. What are the implications for investors, both in the case of AMD and NVIDIA, but also just sort of the the way that companies need to approach this administration in the future? From an investment perspective, what do people need to think about? Well, take this NVIDIA AMD story with the 15%. Put it to, put it to the side for one second. What you've got though, is a situation where there is much more government direction and aspiration to direct the economy than there was before. The administration has been crystal clear about that. And as a matter of, as a matter of United States policy, as a matter of national security policy. One of Belsen's mantras has been for months that US National Security Policy is United States economic policy. Economic policy is national security policy. You have a situation here where they're doing everything they can, including providing huge incentives to the the manufacturing industry to onshore, to put to use tariffs in part to push different industries to onshore critical materials and and goods and the like. They've done everything short of invoking the Defense Production Act, which would essentially harness industry to government aims. Why are they doing that? Because they're, they are urgent about the nature of the Chinese challenge and how relatively speaking, how little time they think they have to write the ship. Uh and frankly, harness industry to to right size the economy to meet the Chinese challenge. That's what they think. They've been very transparent about that. And I would I would imagine that would continue and frankly, accelerate. Markets continue to be surprised every time they see something happen, like the United States taking an investment in rare earths. But you you can expect a lot more of it. It's not going, it's not, should should not be surprising at all.
Yahoo
an hour ago
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Intel CEO to meet with Trump at White House, WSJ reports
After President Trump called for his resignation last week, Intel (INTC) CEO Lip-Bu Tan is set to meet with Trump at the White House Monday, according to a report from the Wall Street Journal. Yahoo Finance Tech Editor Dan Howley discusses the latest. To watch more expert insights and analysis on the latest market action, check out more Morning Brief. But Dan, I do want to follow up and ask you about what's going on with Intel and its CEO Lip-Bu-Tan, who is reportedly going to be meeting with Trump today on a very different issue. Yeah, this is basically Trump trying to oust him. Uh he said that he had to leave the company, uh that he was, you know, quote unquote very conflicted. And this kind of goes back to his days with Cadence. Uh Cadence just settled a uh a suit with the government basically saying that they had provided some materials to a university that the government believes has links to the Chinese military. And so, you know, they settled, uh and then Senator Tom Cotton has come forward and said, look, you know, this is this is a big deal. Uh someone should, you know, look deeper into this. Uh Lip-Bu-Tan has some investments in Chinese companies. He is a US citizen. Uh and so, you know, there's this kind of back and forth as to, you know, does does do his prior uh, you know, uh kind of instances of investing in Chinese companies make him uh good for being Intel CEO or not. Related Videos Russia deal will be 'a canary for the markets' on US–China talks Trump's Nvidia, AMD China deal: National security risks persist Trump Says 'Not Up to Me' to Make a Deal With Putin Trump to Take Control of DC Police Department, Deploy National Guard Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
