Lisa Su Hosts Howard Lutnick As Commerce Department Highlights 'Gold Standard' American Tech Stack: AMD CEO Appreciates The 'Open Dialogue'

On Thursday, Advanced Micro Devices, Inc. (NASDAQ:AMD) CEO Lisa Su hosted Commerce Secretary Howard Lutnick for a key discussion with industry leaders. US Doubles Down On Semiconductor Leadership Taking to X, the U.S. Commerce Department said that Lutnick met leaders from the Semiconductor Industry Association. "The American tech stack is the gold standard," the Commerce Department wrote, noting U.S. firms dominate high-value segments such as chip architecture and AI compute. Secretary Lutnick met with leaders from the Semiconductor Industry Association, hosted by @LisaSu.The American tech stack is the gold standard:• U.S. companies dominate advanced chip design• American firms design the processors that power the vast majority of AI systems… pic.twitter.com/RLoZsLCplt— U.S. Department of Commerce (@CommerceGov) March 26, 2026 Su echoed that sentiment, writing on X, "We deeply appreciate the open dialogue and partnership… as we work together to accelerate America's tech stack and expand opportunities across the U.S. workforce." Thank you @HowardLutnick for joining the Semiconductor Industry Association Board @SIAAmerica for an important discussion on strengthening America's leadership in semiconductors and expanding our domestic manufacturing footprint. We deeply appreciate the open dialogue and… https://t.co/BXQXIj8WjC— Lisa Su (@LisaSu) March 26, 2026 Trump's AI And Chip Strategy Gains Industry Backing Earlier this week, the Donald Trump administration appointed a slate of high-profile executives — including Nvidia Corp (NASDAQ:NVDA) CEO Jensen Huang and Meta Platforms, Inc. (NASDAQ:META) CEO Mark Zuckerberg — to a presidential council tasked with advising on AI policy, export controls and science strategy. The administration has also imposed a 25% tariff on select high-end AI chips from companies like Nvidia and AMD, citing national security concerns and the need to boost domestic production. Last month, AMD reported fourth-quarter revenue of $10.27 billion, surpassing analyst expectations of $9.67 billion. The company also reported adjusted earnings of $1.53 per share, topping estimates of $1.32 per share. Chip Shortages, Price Hikes Add Pressure Despite the policy push, the semiconductor sector faces mounting challenges. Reports indicate Intel Corporation (NASDAQ:INTC) and AMD are planning CPU price increases of 10% to 15% amid tightening supply. The shortage has expanded beyond memory into processors, affecting major customers such as Apple Inc. (NASDAQ:AAPL) and Tesla Inc. (NASDAQ:TSLA). Price Action: AMD shares closed at $203.77 on Thursday, down 7.49% and rose 0.75% to $205.30 in after-hours trading, according to Benzinga Pro. Benzinga Edge Stock Rankings indicate that AMD is trending upward across short-, medium- and long-term periods, with its Growth metric ranking in the top 97th percentile. Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Photo Courtesy: jamesonwu1972 on Shutterstock.com