Biden chip bans will backfire – Nvidia executive

The outgoing administration’s proposed export restrictions could damage the US economy, the company’s VP has argued

US chip giant Nvidia has strongly opposed plans by the administration of President Joe Biden to restrict AI chip exports. In an emailed statement cited by Reuters, Nvidia Vice President Ned Finkle criticized the outgoing administration for pushing in a “last-minute policy” that preempts the incoming administration of President-elect Donald Trump.