Top Senate Democrats wrote an open letter asking President Donald Trump to rethink his decision to allow artificial intelligence chip sales to China. The deal allows chip giants Nvidia and AMD to sell advanced AI chips to China in exchange for a 15% cut of revenue from the sales.

Treasury Secretary Scott Bessent said the recent deal to allow Nvidia Corp. and Advanced Micro Devices Inc. to resume lower-end AI chip sales to China, on the condition they give the U.S.