00:00On China, your administration agreed to send the most advanced or advanced NVIDIA and AMD chips.
00:07No, obsolete. No.
00:08Obsolute chin. Well, and then 15% of the profits.
00:10You mean the 20s. No, obsolete. No.
00:13Obsolute chin. Well, and then 15% of the profits.
00:15You mean the 20s. No, no. That's, this is an old chip that China already has.
00:23And I deal with Jensen, who is a great guy, and NVIDIA.
00:27Yeah. The chip that we're talking about, the H20, it's an old chip.
00:35China already has it in a different form, different name, but they have it.
00:40Or they have a combination of two will make up for it, and even then some.
00:45Now, Jensen also has, Jensen's a very brilliant guy, and Jensen also has a new chip, the Blackwell.
00:51Do you know what the Blackwell is? The Blackwell is super-duper advanced.
00:55I wouldn't make a deal with that, although it's possible I'd make a deal a somewhat enhanced, in a negative way, Blackwell.
01:08In other words, take 30% to 50% off of it.
01:12But that's the latest and the greatest in the world.
01:14Nobody has it. They won't have it for five years.
01:16But the H20 is obsolete. You know, it's one of those things. But it still has a market.
01:21So I said, listen, I want 20%, if I'm going to prove this for you, for the country, for our country, for the U.S.
01:27I don't want it myself.
01:29You know, every time I say, like, 747, I want. I want, yeah, for the Air Force.
01:35Yes. So I just wanted. So when I say I want 20, I want for the country. I only care about the country. I don't care about myself.
01:44And he said, would you make it 15? So we negotiated a little deal.
01:48So he's selling a essentially old chip that Huawei has a similar chip, a chip that does the same thing.
02:00And I said, good, if I'm going to give it to you, because they have a, you know, they have a stopper, what we call a stopper, not allowed to do it.
02:08A restrictive, it's really known as a restrictive covenant.
02:11And I said, if I'm going to do that, I want you to pay us as a country something, because I'm giving you a release.
02:17I released them only from the H-20.
02:19Now, on the Blackwell, I think he's coming to see me again about that.
02:25But that will be an unenhanced version of the big one.
02:31Like, I don't know if you know it, we will sometimes sell fighter jets to a country, and we'll give them 20% less than we have.
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