Senate Backs Limits on AI Chip Exports to China, Targeting Nvidia and AMD

The Senate approved a bipartisan provision that would require Nvidia and AMD to prioritize U.S. customers over China for advanced AI chips, folding the measure into the annual defense policy bill. Supporters, including Sens. Jim Banks and Elizabeth Warren, cast the step as a national-security and competitiveness move, while tech groups warned it could curb innovation and global competition. The bill’s fate is uncertain: the House version lacks the export-control language, setting up negotiations that could strip it out. The move follows a Trump administration agreement this summer easing some export restrictions to China; Nvidia has argued the measure targets a non-existent problem. Nvidia shares fell nearly 5% Thursday.

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