Trump Administration to Rescind Biden-Era AI Chip Export Restrictions

The Trump administration plans to roll back semiconductor trade restrictions imposed during the Biden presidency, including the contentious AI chip export curbs. While the repeal remains pending finalization, the move has already sparked a rally in chipmaker stocks. Nvidia and AMD shares gained 3.6% and 2.1% respectively following the announcement.

Market observers note the decision reflects growing pressure from tech giants and international partners who opposed the restrictions. The Philadelphia Semiconductor Index, a key industry benchmark, climbed 2.1% on the news as investors anticipated improved trade conditions.

"This policy reversal could reshape global semiconductor supply chains," said one Wall Street analyst, speaking on condition of anonymity. The administration confirmed it won’t enforce the AI diffusion rule set to take effect May 15, though officials caution the broader policy review continues.