The Biden administration intends to implement one more round of export restrictions on AI chip exports from companies like Nvidia (NVDA) and AMD (AMD), Bloomberg’s Mackenzie Hawkins and Jenny Leonard report, citing people familiar with the matter. The move is intended to keep the technologies out of countries like China and Russia, and regulations – creating three tiers of chip trade restrictions – could be announced as soon as Friday, the report states. At the top of the three tiers, a small number of U.S. allies would have unlimited access to U.S. chips, while a group of adversaries would be blocked from importing the chips, Bloomberg states.
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