Sen. Elizabeth Warren, D-Mass., speaks during a Senate Banking, Housing and Urban Affairs Committee confirmation hearing on President Donald Trump’s nominees to lead the National Economic Council, Consumer Financial Protection Bureau and Federal Housing Finance Agency, on Capitol Hill in Washington, Feb. 27, 2025.
Annabelle Gordon | Reuters
President Donald Trump‘s decision to let Nvidia sell its advanced H200 artificial intelligence chips to China “sells out American national security,” Sen. Elizabeth Warren, D-Mass., said Thursday.
Warren also reiterated her call for Nvidia CEO Jensen Huang to testify before Congress about the agreement, along with Commerce Secretary Howard Lutnick.
The senator’s fiery remarks on the Senate floor came three days after Trump announced on social media that the U.S. semiconductor giant Nvidia could sell the chips to “approved customers” in China, so long as the U.S. gets a 25% cut of the revenues.
The announcement drew concerns both from Democrats and some of Trump’s Republican allies, who have been vocal about protecting America’s hardware advantage over China in the race to AI superiority.
Warren, in Thursday’s remarks, urged Congress to pass bipartisan legislation that “reins in this administration” by imposing new chip export restrictions. Critics of the bill say it could undermine U.S. chipmakers’ competitiveness.
The Trump administration knows that China gaining access to the chips, which have previously been subject to export restrictions, “poses a serious threat to our technological leadership and national security,” Warren said on the Senate floor.
She noted that shortly before Trump announced his decision on the H200 chips on Monday, the Department of Justice touted a crackdown touted a crackdown on a “major China-linked AI tech smuggling network.”
“So why did the President make this bad deal that sells out the American economy and sells out American national security?” she asked. “It’s simple: In the Trump administration, money talks.”
“Mr. Huang understands that in this administration, being able to cozy up to Donald Trump might be the most important corporate CEO skill of all,” Warren said.
She pointed to Huang attending a $1 million-per-plate dinner at Trump’s Florida home Mar-a-Lago, and Nvidia’s later donations to the president’s under-construction White House ballroom.
“Those are just the most obvious possible reasons to cut this deal,” Warren said, “and who knows what else Mr. Huang might have done behind closed doors to persuade President Trump and Secretary Lutnick into making this dangerous concession.”
CNBC has reached out to Nvidia for comment on the senator’s remarks.
