Chipmaker Deals with the White House 8/11/25

Nvidia and AMD have reportedly agreed to give the U.S. government 15% of revenues from the chips they sell in China, in exchange for export licenses. The deal is an unprecedented arrangement between the government and private industry, raising concerns about what the deal represents for executive power whether it constitutes “paying off” the government. Lip-Bu Tan, CEO of fellow chipmaker Intel, is headed to the White House after President Trump has publicly called for his resignation. President Trump and President Vladimir Putin will meet in Alaska on Friday; former Democratic Senator Heidi Heitkamp and former Acting Chief of Staff to President Trump Mick Mulvaney discuss the meeting and its optics. The Verge Deputy Editor Alex Heath maps out the battle for AI talent in tech, while firms offer millions for a small pool of hires. Plus, the list of potential Fed Chair nominees has gotten longer. Heidi Heitkamp & Mick Mulvaney - 16:58 Alex Heath - 30:09 In this episode: Alex Heath, @alexeheath Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie