Nvidia Criticizes Biden Administration's New AI Chip Export Restrictions

According to Odaily, the Biden administration has introduced new regulations imposing export quotas and restrictions on AI chips to over a hundred countries and regions. In response, Nvidia (NVDA.O) issued a statement on its official website, criticizing the administration for attempting to impose bureaucratic controls on the global marketing of semiconductors, computer systems, and software through a document drafted in secrecy without proper legislative review. Nvidia claims that this 'broad overreach' by the Biden administration threatens the hard-earned technological advantage of the United States.