US proposes new chip export rules to limit access for China

The Biden administration has proposed new rules to limit the export of powerful U.S.-made chips, aiming to prevent their transfer to China through other countries. This move is part of a strategy to maintain U.S. dominance in the AI chip market. Under the proposed rule, 18 allied countries will have unlimited access to U.S. AI chips, while others will face restrictions based on their security status. China and Russia will be largely blocked from accessing advanced U.S. technology. Tech companies like NVIDIA and Oracle have expressed strong opposition to the new rules, arguing they could harm U.S. technological leadership. However, Microsoft has stated it can comply with the new regulations.