financetom
Business
financetom
/
Business
/
Update: US Senate Passes Legislation Requiring AI Chipmakers to Prioritize Domestic Buyers Over China
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Update: US Senate Passes Legislation Requiring AI Chipmakers to Prioritize Domestic Buyers Over China
Oct 10, 2025 6:45 AM

09:02 AM EDT, 10/10/2025 (MT Newswires) -- (Updates with Nvidia's ( NVDA ) response in the fifth paragraph.)

Nvidia ( NVDA ) and Advanced Micro Devices ( AMD ) would be required to prioritize US companies over Chinese buyers under a bipartisan amendment passed by the US Senate as part of the annual defense policy bill, multiple media outlets reported Thursday.

The House version of the bill, passed in September, does not include the export-control provision, meaning lawmakers from both chambers will need to negotiate a final version, the reports said.

Senator Elizabeth Warren, who co-sponsored the Guaranteeing Access and Innovation for National Artificial Intelligence Act with Senator Jim Banks, said the measure ensures American customers "aren't forced to wait in line behind China's tech giants when purchasing the latest AI chips." Senator Warren added that the legislation is aimed at reducing long wait times for US buyers of AI chips.

Bloomberg reported Thursday that opponents are expected to push for the amendment to be dropped. Nvidia ( NVDA ) said last month that the legislation targets a "non-existent problem," according to the Bloomberg report.

Nvidia ( NVDA ) said in response to an inquiry by MT Newswires that its sales abroad have no impact on its domestic supply. "The pundits feeding fake news to Congress about chip supply are attempting to overturn President Trump's AI Action Plan and surrender America's chance to lead in AI and computing worldwide," an Nvidia ( NVDA ) spokesperson said.

AMD did not immediately respond to a request for comment from MT Newswires.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
BRIEF-Orrstown Financial Services, Inc. And Codorus Valley Bancorp, Inc. Announce Receipt Of Shareholder Approvals For Merger Of Equals
BRIEF-Orrstown Financial Services, Inc. And Codorus Valley Bancorp, Inc. Announce Receipt Of Shareholder Approvals For Merger Of Equals
May 30, 2024
Codorus Valley Bancorp Inc ( CVLY ): * ORRSTOWN FINANCIAL SERVICES, INC. ( ORRF ) AND CODORUS VALLEY BANCORP, INC. ( CVLY ) ANNOUNCE RECEIPT OF SHAREHOLDER APPROVALS FOR MERGER OF EQUALS * ORRSTOWN FINANCIAL SERVICES INC ( ORRF ) - MERGER AND RELATED TRANSACTIONS ARE EXPECTED TO CLOSE IN Q3 OF 2024 Source text for Eikon: Further company coverage:...
Paramount Global Shares Rise As Directors Prepare To Review Enhanced Merger Proposal From Skydance: Report
Paramount Global Shares Rise As Directors Prepare To Review Enhanced Merger Proposal From Skydance: Report
May 30, 2024
Paramount Global ( PARAA ) shares traded higher Thursday afternoon after reports surfaced indicating the company’s independent committee is set to review an enhanced merger proposal from Skydance. What To Know: Skydance Media has reportedly submitted a revised offer for a potential merger with Paramount. The new offer is expected to be more favorable to both voting and nonvoting shareholders...
BRIEF-Thumzup Media Corp - Intend To List Shares Of Common Stock For Trading On Cboe Bzx Exchange, Inc Under Symbol
BRIEF-Thumzup Media Corp - Intend To List Shares Of Common Stock For Trading On Cboe Bzx Exchange, Inc Under Symbol "Tzup"
May 30, 2024
THUMZUP MEDIA Corp ( TZUP ): * THUMZUP MEDIA CORP ( TZUP ) - INTEND TO LIST SHARES OF COMMON STOCK FOR TRADING ON CBOE BZX EXCHANGE, INC UNDER SYMBOL TZUP Source text for Eikon: Further company coverage: ...
D-BOX Technologies Swings to a Fiscal Q4 Loss Despite Lower Revenue
D-BOX Technologies Swings to a Fiscal Q4 Loss Despite Lower Revenue
May 30, 2024
05:29 PM EDT, 05/30/2024 (MT Newswires) -- D-BOX Technologies ( DBOXF ) , on Thursday said it swung to a profit in its fiscal fourth quarter even as revenue fell. The company, which makes haptic cinema seats, said it earned $0.62 million in the quarter ended March 31, compared with a loss of $115,000 in the year-prior period. Revenue fell...
Copyright 2023-2026 - www.financetom.com All Rights Reserved