Trump administration set to end Biden's U.S. chip export restrictions
Publishing timestamp: 2025-05-07 19:50:12
Summary
The Trump administration is preparing to rescind U.S. chip export restrictions known as the "AI diffusion rule," which was set to take effect on May 15. Chipmakers like Nvidia and AMD have been against these restrictions. Nvidia shares climbed in reaction to the news, with the company stating that the move will allow America to lead the next industrial revolution and create high-paying jobs. The rule, proposed in the last days of the Biden administration, organizes countries into different tiers with varying restrictions on advanced AI chip exports. AMD CEO Lisa Su and Nvidia CEO Jensen Huang have both expressed the importance of finding a balance between national security and boosting the American chip industry.
Sentiment: POSITIVE
Keywords: politics, breaking news: politics, nvidia corp, breaking news: technology, intel corp, advanced micro devices inc, donald trump, business news,
Source: https://www.cnbc.com/2025/05/07/trump-chips-exports-nvidia.html