Trump Says U.S. Cut Demand to 15% in Unnamed Chip Export Deal

Former U.S. President Donald Trump said he initially sought a 20% share for the United States in exchange for granting approval of unspecified semiconductor exports, but later agreed to reduce the requested share to 15%. Trump did not identify the companies or countries involved, though the remarks were closely followed by traders in chipmakers such as Nvidia and Advanced Micro Devices. Details of the underlying agreement, including the mechanism for securing the proposed revenue share, were not disclosed.