Short circuit: America's fragmented semiconductor policy

美国的芯片战略

Checks and Balance from The Economist

2025-08-23

51 分钟
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President Donald Trump reversed his decision to block the sale of certain Nvidia chips to China. In exchange for the export permission, the American government will reap some of the company's profits. Has he traded technological advantage—and national security—for financial gain?  John Prideaux hosts with Charlotte Howard and James Bennet. Runtime: 51.16 Transcripts of our podcasts are available via economist.com/podcasts  Listen to what matters most, from global politics and business to science and technology—subscribe to Economist Podcasts+   For more information about how to access Economist Podcasts+, please visit our FAQs page or watch our video explaining how to link your account.
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  • The Economist.

  • The Federal Register from February 3rd, 1997, included something new.

  • In practically incomprehensible jargon,

  • it said that companies would need a special license to export computers of a certain capacity to Ben Gurian University.

  • The Commerce Department was introducing its entity list, or as it's sometimes referred to, the blacklist.

  • The entity list is how the US government constrains trade in sensitive technologies.

  • And its original goal was to prevent the spread of weapons of mass destruction.

  • Today, there are over a thousand people and organizations on it.

  • Among them is an extensive list of Chinese AI companies.

  • And as that technology proliferates, President Donald Trump is picking the winners and losers.

  • I'm John Prideaux, and this is Checks and Balance from The Economist.

  • Each week we take one big theme shaping American politics and explore it in depth.

  • Today, what is the administration's chips policy?

  • Earlier this year, Trump banned the export of some Nvidia chips to China.

  • But after meeting with the company's CEO, he reversed himself.

  • And the US government is slated to grab some of the company's profits.

  • So is national security now for sale?

  • Will the White House give away America's AI edge?

  • And if so, for what?

  • With me this week to talk about the Trump administration's chips policy and national security and AI are Charlotte Howart,