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WSJ What’s News

U.S. Government To Take Cut of Chip Sales to China

WSJ What’s News

The Wall Street Journal

News, Daily News

44K Ratings

🗓️ 11 August 2025

⏱️ 14 minutes

🧾️ Download transcript

Summary

A.M. Edition for Aug 11. In a highly unusual deal, chip giants Nvidia and AMD will give the Trump administration 15% of their AI chip sales to China. Plus, Israel’s military kills five Al Jazeera journalists in Gaza, according to the network. This comes as Prime Minister Netanyahu revealed his new war plans include fighting in refugee camps. And, WSJ editor Aaron Zitner explains why the division between red and blue states is becoming deeper than ever. Azhar Sukri hosts. Sign up for the WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Omada Health makes managing chronic conditions easier by supporting members between doctors' visits.

0:05.4

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0:10.6

Learn more at omadahealth.com. Omada Health is proudly NASDAQ listed.

0:18.7

Business unusual, two of the world's top chipmakers plan to pay the Trump administration a portion of their China sales.

0:27.1

Plus, an Israeli airstrike kills five journalists from the Al Jazeera network,

0:32.6

and will tell you why division between red and blue states is becoming deeper than ever.

0:38.1

And it's leading to a sense that America is not a unified country, but really two nations,

0:43.3

one red and one blue, sharing the same national borders.

0:46.8

It's Monday, August 11th. I'm Azhar Sugri for the Wall Street Journal.

0:51.1

Here is the AM edition of What's News, the top headlines and business stories moving your world today.

1:01.6

In a pretty unorthodox move for any company, Nvidia and advanced microdevices say they will give the Trump

1:08.9

administration a portion of the sales from their

1:12.2

artificial intelligence chips to China. People familiar with the matter say the administration will

1:17.8

receive 15% of the sales as part of a deal to approve exports for Nvidia's H20 AI chips to China.

1:26.8

Details of the arrangement are still being worked out,

1:29.7

but as Asia Business Editor Peter Landers explains,

1:33.3

making companies pay to export products is very unusual.

1:37.6

It's just from what I can remember,

1:39.6

an unprecedented case of the government taking a portion

1:42.6

of a commercial private sector company's revenue

1:46.2

in exchange for allowing it to go ahead, I suppose.

1:50.0

It's one thing if the government had, for example, contributed some of the technology in the product,

...

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