US Commerce Secretary Lutnick says US demand is vast for AI chips, and “we don’t want to do anything to stand in their way”

This statement emphasizes the US government's prioritization of AI chip demand, which suggests a conducive environment for growth in that sector.

Newsquawk StaffPublished 10 Feb 2026, 15:41 UTCOn the live feed at 15:21 UTC — 4 more headlines followed before this page went public

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US Commerce Secretary Lutnick says US demand is vast for AI chips, and “we don’t want to do anything to stand in their way”

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Refrained to give an answer on if he would curb China's chip licenses to prioritise the US.

Context

The lack of commitment to restrict China's chip licenses indicates a complex balancing act between fostering domestic industry and international relations, which could lead to increased volatility in tech stocks and chip manufacturers as market participants weigh potential regulatory impacts.

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