Biden plans to strengthen AI chip export controls before leaving office

According to foreign media reports, the Biden administration in the United States plans to impose a new round of restrictions on the export of artificial intelligence chips by companies such as Nvidia (NVDA.O) before leaving office. According to informed sources, the United States hopes to limit sales of AI chips used in data centers at both national and corporate levels, with the aim of concentrating AI development in friendly countries and encouraging global businesses to align with American standards. As demand for AI technology surges, this move will expand semiconductor restrictions to most parts of the world. The insider said that new regulations will set three levels of restrictions on chip transactions, which could be released as early as Friday. Affected by this news, Nvidia and AMD (AMD.O) saw declines in after-hours trading on U.S. stock markets.