The Biden administration aims to restrict shipments of U.S.-developed AI GPUs to adversary countries, limit shipments to 'Tier 2' countries.

The outgoing presidential administration seeks to drop one last bombshell on the US tech industry before it goes.

"We would encourage President Biden to not preempt incoming President Trump by enacting a policy that will only harm the US economy, set America back, and play into the hands of US adversaries," Nvidia VP Ned Finkle tells Reuters on Friday.

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.

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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

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.

President Joe Biden’s administration plans one additional round of restrictions on the export of artificial intelligence chips from the likes of Nvidia Corp. just days before leaving office, a final push in his effort to keep advanced technologies out of the hands of China and Russia.