President Donald Trump defended his controversial deal requiring Nvidia and AMD to fork over 15% of their China sales revenue to the US government to skirt export controls — insisting the computer chips involved are outdated technology.

“No, this is an old chip that China already has,” Trump said Monday, referring to Nvidia’s H20 processor , adding that “China already has it in a different form, different name, but they have it.”

The president emphasized that America’s most advanced chips remain off-limits to China, describing Nvidia’s newest Blackwell processor as “super, super advanced” technology that “nobody has” and won’t have “for five years.” 4

The two tech companies agreed to the deal under an arrangement to obtain export licenses for their semiconductors.

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