He later told officials he now “slept with one eye open. Nvidia Corp (NASDAQ: NVDA ) CEO Jensen Huang and Advanced Micro Devices Inc (NASDAQ: AMD ) CEO Lisa Su were in the room. The meeting, revealed Tuesday in a New York Times investigation , was arranged after then-Commerce Secretary Gina Raimondo grew frustrated that Silicon Valley wouldn’t stop buying chips from a potential war zone. Treasury Secretary Scott Bessent called it “the single biggest point of single failure” in the global economy at Davos last month. A confidential industry report reviewed by the Times estimated losing Taiwan’s chip supply would hit U. A separate Bloomberg Economics analysis put the global cost of a full conflict at over $10 trillion. still produces roughly 10% of the world’s chips, the same share it held before the CHIPS Act passed. Biden threw $52 billion in subsidies at domestic manufacturing. Trump followed with a 25% tariff on advanced chip imports in January. Together they’ve catalyzed over $640 b...