Proposed rule on AI chip exports withdrawn by Commerce Department, Reuters says

The U.S. Commerce Department has withdrawn a draft rule that would have revised AI chip export controls, reversing course after sending the proposal for interagency review, Reuters’ Karen Freifeld reported on Friday. The move marks another shift in the administration’s approach to AI policy, as it reconsiders how to balance export restrictions with efforts to maintain U.S. leadership in artificial intelligence. “This supposed rule was always a draft and remains a draft,” a U.S. official said in a statement when asked about the withdrawal. “All discussions that were previously reported were preliminary.” Publicly traded companies in the space include AMD (AMD), Intel (INTC), Marvell (MRVL), Microchip (MCHP), Micron (MU), Nvidia (NVDA), Qualcomm (QCOM) and Texas Instruments (TXN).

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