Biden plans to strengthen AI chip export controls before leaving office

ChainCatcher news, according to foreign media reports, the Biden administration in the United States plans to implement a new round of restrictions on the export of artificial intelligence chips from companies like Nvidia (NVDA.O) before leaving office.

According to informed sources, the U.S. aims to restrict the sale of artificial intelligence chips used in data centers at both national and corporate levels, with the goal of concentrating AI development in friendly countries and encouraging global companies to align with U.S. standards. Amid a surge in demand for AI technology, this move will expand semiconductor restrictions to most parts of the world. Informed sources said that the new regulations will set three layers of restrictions on chip transactions, which could be announced as soon as Friday. Following this news, Nvidia, AMD (AMD.O), and others saw declines in after-hours trading in the U.S. stock market.