Presented by Bechtel, nuclear power isn't just clean energy. It's good jobs, strong communities, and national security. Every Bechtel project supports thousands of well-paying jobs and builds U.S. supply chains that last long after construction ends. When Bechtel builds nuclear, America's workforce grows stronger. That's unleashing American energy

dominance, built by Bechall. Learn more at Bechdle.com. That's B-E-C-H-T-E-L.com.

Hello and welcome to the Punch Bowl News Readback podcast. I'm your host, Congressional reporter Max Cohen, and today I'm joined by our tech reporter Diego Munoz for an exciting conversation about chipmakers in Trump's Washington.

Diego, how you doing? Good, Max. Thanks for having me. Thanks for being on. It's always good to have you on the Reback podcast, and this week coincides

with the release of the latest tech quarterly newsletter. And I want to talk to you about the lead

story here, about NVIDIA, one of the top chipmakers in the world. And not only was the tech

quarterly out this week, but NVIDIA was all over the news. So I'm going to

turn it over to you to talk about the role NVIDIA is playing in D.C. and the developments this week.

So, yeah, it was a busy week for NVIDIA. For starters, the Chinese started an antitrust investigation against Invidia, claiming that it's a monopoly.

It was the same day that they announced that they might have a potential deal with President Trump on TikTok.

And it highlighted how Nvidiavidia has become a central figure in the AI competition between the

United States and China.

Also this week, Nvidia bought a stake of Intel.

Weeks after the administration announced that it would take a 10% stake of Intel,

that sent the shares of Intel soaring and invidious too.

And many have suggested that it may have been a move to get even closer to the Trump administration,

given that President Trump has a certain affinity for Intel and is very interested in the days and out of the ins and outs of that company.

And at the same time,

Nvidia and other chip makers are fighting back

against several bills on Capitol Hill

that are trying to regulate how their businesses work.

Most prominently gain AI,

...