Biden plans to tighten AI chip export controls before leaving office
Odaily reports that the Biden administration in the US plans to impose new restrictions on the export of artificial intelligence chips, including those made by Nvidia (NVDA.O), before leaving office. According to sources, the US aims to restrict the sale of AI chips used in data centers, with the goal of concentrating AI development in friendly countries and aligning global companies with US standards. As demand for AI technology surges, this move will expand semiconductor restrictions to most parts of the world. Sources say the new regulations will establish three-tier restrictions on chip transactions, potentially as early as this Friday. Following this news, Nvidia, AMD (AMD.O), and others saw declines in after-hours trading on the US stock market.
