The Biden administration is considering capping sales of advanced AI chips from companies like Nvidia and AMD to specific countries. The policy would set limits on export licenses based on national security concerns. Discussions are in the early stages, with officials aiming to build on existing regulations for AI chip shipments. The US has already restricted sales to over forty countries across the Middle East, Africa, and Asia over fears that they could be transferred to China. Nvidia shares dropped over 1% after the news.
Category
🗞
NewsTranscript
00:00It's Benzinga and here's what's on the block.
00:02The Biden administration is considering capping sales of advanced AI chips from companies
00:07like Nvidia and AMD to specific countries.
00:10The policy would set limits on export licenses based on national security concerns.
00:16Discussions are in the early stages with officials aiming to build on existing regulations for
00:19AI chip shipments.
00:21The US has already restricted sales to over 40 countries across the Middle East, Africa,
00:26and Asia over fears that they could be transferred to China.
00:30Nvidia shares dropped over 1% after the news.
00:33For all things money, visit Benzinga.com.