The president recently secured a commitment by Nvidia and Advanced Micro Devices to pay the government 15% of their chip sales in China in exchange for export licenses. In Nippon Steel’s takeover of U.S. Steel, he received a “golden share” giving him sway over how the company operates.

Japanese conglomerate SoftBank has agreed to make a $2 billion investment in Intel in a deal described as a commitment to advanced technology and semiconductors in the United States.