Howard Lutnick

So that's the chip we're talking about.

And Jensen Wang came to the Oval Office and he argued that this is a better chip than they can actually make in any scale, right?

So if we sell them to China, right, and Chinese businesses, then they'll start using them and they'll...

you know, develop on the American tech stack, and that will take some money away from the Chinese tech stack, and that's, it's an interesting argument.

There are two sides, there are strong two sides.

We shouldn't sell them any, or we should sell them the H200s.

And I stand right in the middle.

It was a really, really good discussion, okay?

And the president decided that, fine, we'll sell the H200s to them, okay?

And he made that decision, and after he was done, he said, and you know what?

I think if we do that, we should get 25% for the American taxpayers.

Because we're creating something that didn't exist.

They're coming to the United States because in order to collect 25%, the process matter, to do it right, is you import it, put a tariff on it, and then export it again.

And so that's the model.

It's the process model to execute a plan that the President of the United States of America made.

So that's just the execution model of how to do it.

It's just process, right?

And it's the same H200 chip.

And the question we'll find out is that businesses in China want to buy.

That's for sure.