The Trump administration plans to rescind Biden-era AI chip curbs as part of a broader effort to revise semiconductor trade restrictions that have drawn strong opposition from major tech companies and foreign governments,

U.S. President Donald Trump's administration plans to rescind Biden-era curbs on the export of advanced artificial intelligence chips, a spokesperson for the U.S. Department of Commerce said on Wednesday.

We will be replacing it with a much simpler rule that unleashes American innovation and ensures American AI dominance,” a Commerce Department spokesperson said.