Karoline Leavitt on Nvidia & AMD Chip Deals: Legality 'Still Being Ironed Out'

New Chip Export Deals

• 🎯 The Trump administration has struck a deal with Nvidia and AMD regarding chip exports.
• 💡 The president reportedly asked for a 50% stake for the government in these deals.

Deal Legality and Implementation

• ⚖️ The legality and mechanics of these chip export deals are still being finalized by the Department of Commerce.
• 🗣️ Karoline Leavitt stated that the administration would defer to the Department of Commerce for further implementation details.
• 🚀 This initiative is seen as a creative idea to secure good deals for the American people and taxpayers.

Potential Expansion and Future

• 📈 While currently focused on Nvidia and AMD, the model could potentially expand to other companies or products in the future.
• 🇨🇳 A report mentioned China discouraging the use of the H20 chip, but Leavitt had not yet read the report and would provide a comment later.