Senate Passes AI Chip Export Limits on Nvidia, AMD to China

Advanced artificial intelligence chipmakers Nvidia Corp. and Advanced Micro Devices Inc. would have to ensure US companies get priority access to their products before China under legislation the Senate passed, a setback for the industry’s efforts to block the measure.

The bipartisan legislation was easily approved in a vote late Thursday. It’s designed to bolster US competitiveness in cutting-edge industries and curb exports to China and other foreign adversaries, according to lead co-sponsor Senator Jim Banks, an Indiana Republican.

US tech leaders and groups have criticized the bill, arguing it would instead restrict competition and weaken innovation. ...