News Summary

• The U.S. government lifted an export ban on Nvidia's H20 AI chips and AMD’s MI308, and followed heated negotiations.
• Legal experts have questioned whether the eventual deal would constitute an unconstitutional export tax.
• The arrangement has drawn sharp reaction from business leaders, legal experts, and trade analysts.
• Experts warned that if replicated, this template could pressure other firms—not just tech giants—into similar arrangements with the government.
• The White House insists there are “no national security concerns,” since only less-advanced chips are being sold to China.