Nvidia welcomes Trump’s proposal to rescind global chip restrictions

Donald Trump’s administration is expected to rescind Joe Biden’s curbs on AI chip sales as part of a broader effort to revise semiconductor restrictions, Bloomberg reported.

In a statement, Nvidia said, “We welcome the administration’s leadership and new direction on AI policy. With the AI Diffusion Rule revoked, America will have a once-in-a-generation opportunity to lead the next industrial revolution and create high-paying U.S. jobs, build new U.S.-supplied infrastructure, and alleviate the trade deficit.”