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The Trump administration plans to scrap a Biden-era rule limiting AI chip exports, deeming it unenforceable. This move, welcomed by companies like Nvidia and AMD, aims to foster US tech dominance without aiding adversaries. The scrapped rule, the Framework for Artificial Intelligence Diffusion, imposed a three-tier licensing system for AI chips, impacting sales to numerous countries. The Trump administration will instead create a new rule promoting US technological leadership, though its implementation will take time. Nvidia's stock rose following the announcement, reflecting relief from potential export limitations.

Prepared by Jonathan Pierce and reviewed by editorial team.