Biden plans to tighten AI chip export controls before leaving office

According to foreign media reports, the Biden administration of the United States plans to impose a new round of restrictions on the export of artificial intelligence chips from companies such as Nvidia (NVDA.O) before leaving office. According to people familiar with the matter, the United States hopes to restrict the sale of artificial intelligence chips used in data centers at the national and corporate levels, with the goal of concentrating artificial intelligence development in friendly countries and prompting global companies to align with US standards. At a time when demand for AI technology is surging, this move will expand semiconductor restrictions to most parts of the world. People familiar with the matter said that the new regulations will set three tiers of restrictions on chip transactions and may be released as early as Friday. Affected by this news, Nvidia, AMD (AMD.O) and others fell in after-hours trading in the US stock market.