Trump said Monday that he has cut a deal with chipmaker Nvidia, allowing it to sell certain artificial intelligence chips to China in exchange for a cut of the revenue, which would go to the U.S. government. Trump said he also negotiated a similar deal with chipmaker Advanced Micro Devices (AMD).

Rep. Don Bacon (R-Neb.) said Monday evening that President Trump’s unusual agreement with major chipmakers Nvidia and AMD to share some of their revenue from chip sales in China is “not a good deal.” “We’ve got to realize we’re in an intellectual war,