Nvidia is facing potential severe business repercussions from new export restrictions imposed by the Biden Administration, which carry over certain policies from the previous administration. The restrictions target advanced AI semiconductors, aiming to limit access to malicious state and non-state actors. Nvidia's vice-president for government affairs criticized these measures as excessive and damaging to the US's technological leadership, arguing they would not improve national security but instead hinder competition in the semiconductor industry.
Nvidia's VP criticized the Biden Administration's export regulations, arguing they undermine American leadership and threaten to waste the nation's technological advantages.
Nvidia anticipates significant business impacts due to new export restrictions, which continue the policy from the previous administration on advanced AI chip access.
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