Foreign officials, tech execs urge Trump to rethink AI chip rule, Bloomberg say

Senior foreign officials and technology companies are asking the Trump administration to rethink the country’s global semiconductor strategy, Mackenzie Hawkins and Jenny Leonard of Bloomberg reports. The AI diffusion rule, which restricts the number of AI processors that can be exported to most nations, was unveiled by the Biden administration, but tech giants and US allies have chafed the rules. Several governments and companies are now trying to persuade President Donald Trump’s team to loosen some of the regulations before the deadline for compliance arrives. Publicly traded companies in the space include Nvidia (NVDA), AMD (AMD), Intel (INTC), Marvell (MRVL), Microchip (MCHP), Micron (MU), Qualcomm (QCOM) and Texas Instruments (TXN).