Trump administration to give up the biden’s ‘over -complex’ bidan curves in the chips he

President Trump’s administration plans to give up and modify a Biden era rule that inhibited the export of sophisticated artificial intelligence chips, a trade department spokeswoman said Wednesday.

The regulation was aimed at restricting the exports of Chip and the technology of it, sharing the world to keep computers advanced in the United States and among its allies while finding more ways to block China’s access.

The context for the distribution of artificial intelligence was issued in January, a week before the end of the administration of former President Joe Biden. She ended a four -year attempt by the Biden administration to hobn China’s entry into advanced chips that can improve her military skills and maintain US leadership.

“Biden’s rule is extremely complex, highly bureaucratic and will stimulate American innovation,” the trade spokesman said. “We will replace it with a simpler amount that releases the American innovation and in the predominance of the American one.”

Last week, Reuters reported that the Trump administration was working on okay changes that would limit the global access to the chips, including perhaps by doing away with its division of the world into levels that help determine how advanced semiconductors a place can take.

According to trade spokesperson, officials “did not like the level system” and said the rule was “unenforceable”. The spokesman did not have a schedule for the new rule. She said the debate was still taking place in the best course of action. The Biden rule was decided to take effect on May 15.

Nvidia shares, a designer of he, whose sales could be increased if the rule were to be changed to increase exports, ended 3% higher after the news came out Wednesday, but then plunged 0.7% in the post -time trade.

The Biden rule divided the world into three levels: 17 countries and Taiwan were at the first level, which could receive unlimited chips. About 120 other places were at the second level, which was subject to the lids for the number of chips that countries could receive. At the third level, worrying countries including China, Russia, Iran and North Korea were blocked by chips.

But the Trump administration officials are weighing by rejecting the access level in order and replacing it with a global licensing regime by government-government agreements told Reuters sources last week.