White House drops Biden-era export rules aimed at curbing China’s chip access

News Snapshot:

US plans to drop the Biden-era diffusion rule The export restrictions were affecting allies as well as countries of concern Trump wants to "end past conflicts and forge new partnerships" including in the Middle East According to a new report by the South China Morning Post, the Trump administration is planning to rescind the Biden-era diffusion rule, which was introduced to restrict the spread of AI chips abroad. The announcement came from White House AI and crypto official David Sacks, who revealed the change during the Saudi-US Investment Forum in Riyadh. Sacks explained that Saudi Arabia is not considered to...