US Reportedly Working On Draft Regulations For Power Over Nvidia, AMD Chip Exports

Officials in Washington are reportedly working on draft regulations that would give the government power over global artificial intelligence chip exports to other countries, a move that could impact Nvidia Corp. and 
Advanced Micro Devices Inc., among others.

According to a report from Bloomberg, citing people familiar with the matter, the proposed legislation would mandate that all semiconductor companies seek approval from the U.S. government for exports of AI accelerators to any other country in the world.

The approval process is likely to depend on the volume of computing power required, as per the report. Large clusters would likely require pre-clearance from the government before seeking export licenses, as per the report.

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