Nvidia welcomes Trump’s proposal to rescind global chip restrictions
1 min read
Summary
US President Donald Trump’s administration is reportedly set to rescind restrictions on the sale of AI chips introduced by his predecessor, Joe Biden.
The move is part of a broader effort to revise restrictions on the semiconductor industry, and follows opposition from major tech companies and foreign governments to Biden’s curbs.
While the report suggests the policy change is not yet set in stone, and will not be enforced if it goes against Trump’s favour, it has already resulted in a rise in Nvidia’s stock price.
It also reflects the softening stance of countries like Saudi Arabia and the UAE, who have reportedly baulked at the limitations on access to AI chips.
It comes ahead of Trump’s rumoured visit to the Middle East later this month.