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Trump plans to revoke the "AI technology diffusion control rules" established during the Biden administration.
On May 14, the Trump administration plans to comprehensively revise the export control regulations for artificial intelligence semiconductors, abolishing the regulatory framework that sparked strong opposition from U.S. companies and allies, such as NVIDIA (NVDA.O) and Oracle (ORCL.N), during the Biden era. The U.S. Department of Commerce announced on Tuesday local time that it will withdraw the "AI Technology Diffusion Control Rules" originally set to take effect on May 15—rules introduced by former U.S. President Biden that classified chip-importing countries into three tiers. According to insiders, the new administration is drafting an alternative plan that may shift towards negotiating bilateral agreements with each country.