Where Would Nvidia And AMD Be Today Minus U.S. Export Controls?

BusinessPolicyWhere Would Nvidia And AMD Be Today Minus U.S. Export Controls?ByJohn Tamny,Contributor.Follow AuthorMay 13, 2026, 09:30am EDTINDIA - 2025/06/14: In this photo illustration, an AMD logo is seen displayed on a smartphone with a Nvidia logo in the background. (Photo Illustration by Avishek Das/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesThe Chinese Communist Party (CCP) must be thrilled. See last month’s release of DeepSeek’s latest AI. It runs on chips created by Huawei. You’re doing a heckuva job, U.S. political class…From the opening paragraph, readers could be excused for believing what they’re about to read is a lament about potential China market share lost by Nvidia and AMD not because they can’t more than compete, but because politicians with last names like Warren, Cotton, Banks, Coons, Biden, and Trump decided to substitute themselves for the marketplace. And that is a lament. It’s frustrating to see the growth of U.S. corporations stunted by political naivete rooted in the backwards, anti-growth and anti-national security notion that trade is war. No trade is war’s antidote since it personifies prosperity.From there, just stop and consider what happens to commercial progress when talented individuals work together. Beautiful music of the commercial kind ensues. In other words, the brilliance of AI minds in the U.S. and China begs for them to work together. A failure to isn’t just anti-growth and anti-national security, it’s wildly anti-progress. Sadly, and in the estimation of those high up in the U.S. and China political hierarchy, Artificial Intelligence (AI) is a race between countries that must be won. Which is why the CCP’s presumed excitement about Huawei’s chip advances is as economically bankrupt as the U.S. political class’s failed attempts to stunt Chinese AI growth via export controls. Still, there’s a silver lining within the rampant foolishness implied in governmental attempts to plan commerce....