US Considers Capping Nvidia, AMD AI Chip Exports to Certain Countries Over National Security

Oct 15, 2024, 01:55 AM

The Biden administration is considering imposing caps on the export of advanced AI chips from Nvidia, AMD, and other American companies to certain countries, particularly in the Middle East and Persian Gulf. This move is driven by national security concerns and aims to limit the artificial intelligence capabilities of targeted nations. The proposed export restrictions would involve setting ceilings on export licenses on a country-specific basis. The discussions are in the early stages, and the potential impact on the revenue of Nvidia and AMD, as well as the broader AI market, is being closely monitored. Nvidia shares have already fallen 1.3% in premarket trading following the news.