Trump’s unusual Nvidia deal raises new corporate and national security risks

US President Donald Trump upended decades of US national security policy, creating an entirely new category of corporate risk, when he made a deal with Nvidia to give the US government a cut of its sales in exchange for resuming exports of banned AI chips to China.

Historically, the US government made decisions to control the export of sensitive technologies on national security grounds. Those decisions were viewed as non-negotiable; if a technology was controlled, companies could not buy their way around those controls, no matter how lucrative the…