STEPHEN MOORE: Government control of chip sales has a shocking downside
The article discusses the negative impact of government control over chip sales on the U.S. semiconductor industry. It highlights that export controls have led to significant financial losses for American chipmakers and have inadvertently supported China's domestic chip manufacturing. The author argues that these policies threaten U.S. technological dominance and economic security.
- ▪American chipmakers are losing $50 billion in annual sales due to export controls.
- ▪This loss translates to approximately $7.5 billion in annual tax revenue for the U.S. Treasury.
- ▪The U.S. lead in AI technology over China has nearly evaporated despite stringent export controls.
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Opinion STEPHEN MOORE: Government control of chip sales has a shocking downside Lost profits mean $7.5 billion less in annual tax revenue and less investment in next-generation chip technology By Stephen Moore Fox News Published May 19, 2026 5:00am EDT Facebook Twitter Threads Flipboard Comments Print Email Add Fox News on Google close Video US-China trade: Nvidia chips, auto market, IP theft underscore complex relationship President Trump's administration debates U.S.-China trade, including Nvidia chip sales, electric vehicle market access and intellectual property theft. Eric Eggers, Taylor Riggs and Rebecca Grant react. NEWYou can now listen to Fox News articles! One of the goals of President Donald Trump’s trip to China is to help ensure continued American tech dominance.
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