Biden plans to tighten AI chip export controls before leaving office
The US Biden administration plans to impose new restrictions on the export of artificial intelligence chips, including those made by Nvidia (NVDA.O), before leaving office, according to foreign media reports. Sources familiar with the matter said the US aims to restrict the sale of artificial intelligence chips used in data centers at both the national and corporate levels, with the goal of concentrating AI development in friendly countries and encouraging global companies to align with US standards. As demand for AI technology surges, this move will expand semiconductor restrictions to most parts of the world. Sources said the new regulations will set three-tier restrictions on chip transactions, which could be released as early as Friday. Following this news, Nvidia, AMD (AMD.O), and others saw declines in after-hours trading on US stocks.
