U.S. Considers Capping AI Chip Exports to Middle East

The Biden administration is weighing export restrictions on Nvidia and AMD chips to address national security concerns.

Discussions are focusing on setting a ceiling for export licenses to Persian Gulf countries, particularly the UAE and Saudi Arabia.
The move aims to prevent advanced AI technologies from potentially reaching China through third-party nations.
Nvidia's stock, along with other semiconductor companies, experienced a decline following the news of potential export caps.
The U.S. has already restricted AI chip sales to over 40 countries, emphasizing the importance of safeguarding technology.
UAE assures the U.S. of its commitment to protecting sensitive technologies despite concerns over its ties with China.