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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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The Globe & Mail broke the news in Canada on Wednesday, May 7, 2025.
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