Opinion

STEPHEN MOORE: Government control of chip sales has a shocking downside

Lost profits mean $7.5 billion less in annual tax revenue and less investment in next-generation chip technology

By Stephen Moore Fox News

Published May 19, 2026 5:00am EDT

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US-China trade: Nvidia chips, auto market, IP theft underscore complex relationship

President Trump's administration debates U.S.-China trade, including Nvidia chip sales, electric vehicle market access and intellectual property theft. Eric Eggers, Taylor Riggs and Rebecca Grant react.

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One of the goals of President Donald Trump’s trip to China is to help ensure continued American tech dominance. One worry is that China steals our technology.

But sometimes we foolishly handicap our tech companies with bad policies here at home.

An example is export controls, which are a threat to U.S. dominance and limit markets for American-made tech products. The politicians and bureaucrats have decided that they, and not the free market, are best equipped to manage the global semiconductor trade. It's not going well.

We’re still winning the chip war against China, but not by much.

TRUMP'S GREEN LIGHT FOR NVIDIA SALES TO CHINA SPARKS ALARM ON CAPITOL HILL

An employee wearing a cleanroom suit walks inside the GlobalFoundries semiconductor manufacturing facility in Malta, New York, on Tuesday, June 18, 2024. (Cindy Schultz/Bloomberg/Getty........

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