The Trump administration is moving to end Biden-era restrictions on how U.S. semiconductors are sold overseas.
Stock prices for major semiconductor designers and manufacturers jumped at reports that Washington could be ending some restrictions on sales of chips, though details remain scarce.
A Commerce Department spokesperson said that the Trump administration would rescind Biden-era rules that it views as overly complex and bureaucratic and replace them with more streamlined rules.
“The Biden AI rule is overly complex, overly bureaucratic, and would stymie American innovation. We will be replacing it with a much simpler rule that unleashes American innovation and ensures American AI dominance,” the spokesperson said….