Insider: Trump Administration Plans to Reverse Biden-Era AI Chip Restrictions

BlockBeats News, May 8th - According to sources familiar with the matter, the Trump administration plans to lift the Biden-era AI chip restrictions as part of a broader effort to revise semiconductor trade restrictions, which have faced strong opposition from major tech companies and foreign governments. The policy will classify the nation into three tiers to regulate chip exports from companies like Nvidia (NVDA.O).

Sources said that when the so-called AI diffusion rule takes effect on May 15th, the Trump administration will not enforce the rule; however, this decision to repeal has not been finalized. A spokesperson for the U.S. Department of Commerce stated: "Biden's AI rule is overly complex, bureaucratic, and will hinder U.S. innovation. We will replace it with a much simpler rule that will unleash U.S. innovation and ensure U.S. leadership in the field of AI."

Sources mentioned that during the development of the new rule, the U.S. Department of Commerce will continue to strictly enforce chip export restrictions. (Golden Finance)