Nvidia welcomes Trump’s proposal to rescind global chip restrictions
- Donald Trump's administration announced plans last week to rescind Biden-era restrictions on AI chip exports issued under the Framework for Artificial Intelligence Diffusion.
- The Biden administration issued this rule in January to limit global AI chip access and restrict China's computing power before it took effect May 15.
- The rule was met with resistance from leading technology firms and international governments, including Saudi Arabia and the UAE, who were concerned about the restrictions on purchasing AI chips.
- A Commerce Department representative stated that they plan to introduce a streamlined regulation designed to promote innovation in the U.S. And maintain the country's leadership in AI technology.
- Following the repeal, Nvidia welcomed the policy shift, citing a "once-in-a-generation opportunity" to lead the industrial revolution, create jobs, and reduce the trade deficit.
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Nvidia welcomes Trump’s proposal to rescind global chip restrictions
Donald Trump's administration is expected to rescind Joe Biden's curbs on AI chip sales as part of a broader effort to revise semiconductor restrictions, Bloomberg reported.
·San Francisco, United States
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