Trump on meeting Jensen: We're eventually going to put tariffs on chips .... and things associated with chips
Posted: Feb 01, 2025
- Trump met with Nvidia CEO Jensen Huang
- No specifics mentioned in regards to export controls
- Trump discussed potential tariffs on chips and "things associated with chips"
- Uncertain impact on Nvidia ($NVDA), Intel ($INTC), AMD ($AMD) and other equipment makers
- No mention of Stargate
- Discussion on whether the meeting results are good or bad
- President Trump and Nvidia CEO Jensen Huang discussed the Chinese company DeepSeek and tightening AI chip exports during a meeting at the White House
- The meeting was set up before DeepSeek became popular and sparked concerns about US technology leadership in AI
- There are concerns about China catching up to the US in AI development
- Talks are underway to restrict Nvidia's sales of H20 chips for the Chinese market
- US lawmakers are calling for more restrictions on exports of Nvidia's AI chips
- The Biden administration previously restricted sales of Nvidia's powerful AI chips to China
- The US Commerce Department is investigating whether DeepSeek has been using restricted US chips in China
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