Investing.com — NVIDIA Corporation (NASDAQ:NVDA) fell 1.7% Thursday afternoon and Advanced Micro Devices (NASDAQ:AMD) dropped 2% after Bloomberg reported that the Trump administration is drafting regulations requiring licenses for AI chip exports worldwide.
The proposed rules would require companies to seek US government approval for virtually all exports of AI accelerators from Nvidia and AMD, expanding current restrictions that cover around 40 countries to a global framework, according to people familiar with the matter cited by Bloomberg.
Under the draft regulations, shipments of up to 1,000 of Nvidia’s latest GB300 graphics processing units would undergo a review process with certain exemption opportunities. Larger deployments would require pre-clearance before seeking export licenses and could face conditions including business model disclosures or government site visits.
For deployments exceeding 200,000 GB300 GPUs owned by one company in one country, the host government would need to participate in the approval process. The US would only approve such exports to allies that make security commitments and matching investments in American AI, though the draft rule does not specify an investment ratio.
The regulations are not intended to function as an export ban, but would establish the US Commerce Department as gatekeeper for the AI industry. Companies and their governments would need Commerce Department approval to purchase the chips, which are used by firms including OpenAI and Alphabet to power services like ChatGPT and Gemini.
The Trump administration has stated it wants the world to use American AI technology. The proposed framework would give Washington control over whether countries can build facilities for training and running artificial-intelligence models and under what conditions.
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