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The Latest Breaking News from Howard Lutnick

Nvidia CEO Jensen Huang Reportedly Frustrated As Trump's Commerce Secretary Slows UAE Chips Deal Over China Link

A multibillion-dollar deal for Nvidia Corporation (NASDAQ:NVDA) to supply advanced AI chips to the UAE has been stalled for months, reportedly frustrating CEO Jensen Huang as U.S. Commerce Secretary Howard Lutnick pushes Abu Dhabi to finalize investments before shipments proceed.

Benzinga

U.S. Commerce Sec. Lutnick says American AI dominates DeepSeek, thanks Trump for AI Action Plan — OpenAI and Anthropic beat Chinese models across 19 different benchmarks

NIST just released a study showing OpenAI's and Anthropic's models defeating DeepSeek in several benchmarks.

Tom’s Hardware

Taiwan refuses to move half of U.S.-bound chip production to American shores — trade discussion to be focused on Section 232 investigation for preferential deal on semiconductors

The White House wants to move at least 50% of U.S.-bound chip production into the United States, but Taiwan says no.

Tom’s Hardware

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Taiwan Says 'Will Not Agree' To Making 50% Of Its Chips In US

Taiwan "will not agree" to making 50 percent of its semiconductors in the United States, the island's lead tariff negotiator said Wednesday, as Washington pressures Taipei to produce more chips on US soil.

International Business Times

Trump Turns Uncle Sam Into a Shareholder: Inside His Shock $11B Intel Stake and the Companies Next on His List

The Trump Administration has been aggressively pursuing equity stakes in major US private firms since July.

International Business Times UK

Trump And Lutnick Demand: Half Of America's Chips Must Be Made At Home—Or Else

President Donald Trump and Commerce Secretary Howard Lutnick have placed a bold demand on the global semiconductor industry: half of all chips used in America must be manufactured in America.

Benzinga

Why This Investor Is Trimming His Largest Holding Taiwan Semiconductor

Contract chipmaker Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) stock trended Tuesday as escalating geopolitical tensions sharpen Washington’s push to shift critical semiconductor production to the United States.

Benzinga

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Why Washington Wants Half Of America's Chips Made Locally

Taiwan Semiconductor Manufacturing Co. (NYSE: TSM) stock gained on Monday amid renewed geopolitical and supply chain discussions, as the United States intensifies its efforts to onshore semiconductor production.

Benzinga

US Commerce head notes China 'isn't even shy' about its goal to 'take' Taiwan, says US-Taiwan tariff deal coming soon — goal is to have 40% of chips made in America

Commerce Secretary Howard Lutnick said Saturday that a major semiconductor deal with Taiwan was coming “pretty soon,” signaling a potential breakthrough in U.S. efforts to shore up domestic chip production.

Tom’s Hardware

Trump Will 'Forgive' But Not Forget Elon Musk's 'Negativity,' Says Howard Lutnick: 'I Don't Think The President...'

Commerce Secretary Howard Lutnick said President Donald Trump might "forgive" Elon Musk but won't forget the "negativity" surrounding his exit from government ties.

Benzinga

Simon Harris to meet US commerce secretary in Washington DC

Ireland’s Foreign Affairs Minister is also due to officially open a new Irish embassy in the US capital.

The Independent UK

What to know about Trump’s new $100,000 H-1B visa fee

White House proclamation announcing new visa fees has prompted questions and confusion – here’s what to know

The Guardian - US

Trump's immigration crackdown could stunt his blockbuster economic aims

Corporations will now have to pay a $100,000 fee to apply for H-1B visas.

Axios

Microsoft reacts to President Trump's shocking $100K H-1B visa fee — "creating anxiety and uncertainty"

It was a frantic weekend for Microsoft following Trump's $100,000 H-1B visa fee announcement, but some of the concern was unfounded due to confusing guidance. Here's what we know so far.

Windows Central

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Benzinga

Trump Halts US Steel Plant Closure Using 'Golden Share' Authority: Report

President Donald Trump has exercised his administration’s “golden share” authority to prevent the shutdown of a U.S. Steel plant in Granite City, Illinois.

Al Jazeera

US says $100,000 fee for H-1B visas will not apply to existing holders

As Trump’s order stirs anxiety, White House says the fee applies to new applicants and will be levied per application.

Fortune

Trump is already wielding his 'golden share' authority at U.S. Steel, overriding the company’s plans for an Illinois plant, report says

This marks the latest move by the administration to exert power over private industry.

International Business Times

White House Says $100,000 H-1B Visa Fee To Be One-time Payment

The White House issued a major clarification Saturday to its new H-1B visa policy that had rattled the tech industry a day earlier, saying a $100,000 fee will be a "one-time" payment imposed only on new applicants.

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The Independent UK

India expresses concern about Trump plan to hike fees on H-1B visas that bring tech workers to US

The Indian government expressed concern Saturday about President Donald Trump’s latest push to upend American immigration policy, dramatically raising the fee for visas that bring tech workers from India and other countries to the United States

The Guardian - US

Trump news at a glance: president hikes H-1B visa cost to $100,000 a year as aide tells firms to ‘train Americans’

Decision could be major blow to tech industry, but commerce secretary says ‘all of the big companies are on board’

Benzinga

US To Impose $100,000 Annual Fee On H-1B Visas As Analysts Warn Trump Risks 'Taxing Away' America's Innovation Edge

On Friday, the Donald Trump administration said it would require companies to pay $100,000 per year for each H-1B visa, a dramatic increase that could reshape tech hiring and trigger broader consequences for the U.S. position in the global artificial intelligence race.

The Guardian - US

Trump signs proclamation imposing annual $100,000 fee on H-1B visas

Move deals potentially major blow to US tech industry, which relies heavily on workers from India and China

PC Gamer

The Trump administration may have had a hand in the Nvidia/Intel partnership, whether directly or indirectly, despite Jensen's claims to the contrary

An artful deal, perhaps?

Evening Standard

UK students lack entrepreneurial drive, says Business Secretary

The US commerce chief said America will ‘take care of the United Kingdom’ during talks to mark Nvidia’s UK deal.

Evening Standard

Trump confused Armenia with Albania and claimed not to know Mandelson

The US president appeared alongside Prime Minister Sir Keir Starmer at Chequers for a press conference to round off his state visit to Britain.

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