Nvidia Criticizes AI Chip Export Curbs, Warns of Economic Fallout

Nvidia warns proposed AI chip export limits could harm U.S. competitiveness and global relations.

Summary
  • Nvidia opposes Biden’s AI chip export plan, citing risks to U.S. businesses, economy, and global competitiveness.
Article's Main Image

Nvidia has spoken out against a potential Biden administration plan to restrict exports of advanced AI chips. In a statement shared with Seeking Alpha, Ned Finkle, Nvidia's vice president of government affairs, expressed concerns about the impact such measures could have on U.S. businesses and global competitiveness.“This last-minute Biden Administration policy would be a legacy that will be criticized by U.S. industry and the global community,”

Finkle said. He urged the administration to hold off on implementing the policy, arguing it would harm the economy and hand an advantage to U.S. competitors abroad.The proposed restrictions are aimed at limiting AI chip exports to countries like China and Russia, but Finkle pointed out that the policy might unnecessarily impact commonly used technology, including datacenter computers and gaming PCs, without achieving meaningful national security benefits.

The Commerce Department has yet to comment. Meanwhile, Nvidia's CEO, Jensen Huang, has expressed his willingness to work with the incoming administration to address U.S. tech policy challenges, according to Bloomberg News.

Disclosures

I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours. Click for the complete disclosure