US President Trump to rescind global chip curbs amid AI restrictions debate, according to sources cited by Bloomberg
- "The Trump administration will not enforce the so-called AI diffusion rule when it takes effect on May 15, and instead plans to develop a new rule that would strengthen the control of chips abroad."
- "The Commerce Department will continue to strictly enforce chip export curbs while it develops a new rule, the people said".
- "One element of the move to repeal the diffusion rule will be to impose chip controls on countries that have diverted chips to China, including Malaysia and Thailand, one of the people said".
Reaction details (20:42)
- Immediate upside in US equity futures, downside in T-notes.
- The move had pared as the details were not as fruitful as the headline suggested.
07 May 2025 - 20:41- ForexImportant- Source: Newswires
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