“The extreme ‘country cap’ policy will affect mainstream computers in countries around the world, doing nothing to promote national security but rather pushing the world to alternative technologies,” Ned Finkle, vice president of government affairs at Nvidia, said in a statement shared with Bloomberg.

The White House is finalizing additional restrictions on the export of artificial intelligence microchips that would hit companies including Nvidia and Advanced Micro Devices, according to a report.

Nvidia on Thursday criticized a reported plan by the Joe Biden administration to impose new restrictions on AI chip exports, saying that the outgoing U.S. leader should not "preempt incoming President Trump" by enacting a last-minute policy.

KEY TAKEAWAYS In its last days in the White House, the Biden administration reportedly is planning new regulations that could be announced as soon as Friday to further limit the export of artificial intelligence (AI) chips by companies like Nvidia.

Nvidia (NASDAQ:NVDA) has voiced concerns over the Biden administrations reported plans to impose stricter AI chip export rules. Nvidias Vice President, Ned Finkle, urged the administration to avoid

Biden plans new AI chip export restrictions to prevent technology access for China and Russia, aiming for global compliance.