Trump plans to revoke the "AI Technology Export Control Rules" established during the Biden administration
ChainCatcher news, according to Jinshi reports, the Trump administration plans to comprehensively revise the export control regulations for artificial intelligence semiconductors, abolishing the regulatory framework that faced strong opposition from U.S. companies and allies such as Nvidia (NVDA.O) and Oracle (ORCL.N) during the Biden era. The U.S. Department of Commerce announced on Tuesday local time that it will withdraw the "AI Technology Diffusion Control Rules," originally set to take effect on May 15, which were introduced by former President Biden and classified chip-importing countries into three tiers.
According to informed sources, the new administration is drafting an alternative plan that may shift towards negotiating bilateral agreements with each country individually.