Howard Lutnick

My understanding is you actually haven't, you've committed to a lot, but you've been pretty judicious and disciplined about giving the money out.

I think only $6 billion has gone out because there's a bunch of conditions and you have to actually meet these milestones.

And the CHIPS Act is very different than how it started.

Is that fair?

And- And why does that not work?

Like, why would that not have worked?

Or why was that not working when you came in?

You're in breach of the DEI companies.

So then I feel better.

And then do you waive the DEI requirements?

Yeah, of course.

Okay, let's talk about Nvidia for a second.

You did a deal at the end of this year.

I don't think we've ever seen a deal like this.

And you can tell me if it's wrong.

But you control the export licenses.

And as you said, Chamath, we don't want our adversaries to get the most advanced silicon, which makes sense.

And then you struck an agreement with Jensen, where now, I think it's the H200s, which are not quite the most advanced chips, but maybe one generation before.

Right.

But in return, you got a 25% marketing fee.