US reportedly considering sweeping new chip export controls

The Trump administration has allegedly drafted rules requiring U.S. government approval for all AI chip exports to any country outside the U.S. Under the proposal, foreign companies and governments would need Department of Commerce sign-off to purchase chips, with review intensity scaling based on order size. This would represent far greater government oversight than Biden's AI Diffusion rule, which Trump rescinded last May. The move could backfire by pushing international buyers toward non-U.S. chip suppliers, and Nvidia is already feeling the impact of export uncertainty, having lost Chinese customers after nearly a year of policy flip-flops.