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biden administration faces backlash over new ai chip export restrictions
Biden's proposed AI chip export restrictions have ignited backlash from the tech industry, with critics arguing it could hinder innovation and weaken U.S. competitiveness. The framework imposes caps on semiconductor sales, potentially alienating key partners and benefiting foreign competitors. While the Commerce Secretary defends the policy as a national security measure, industry leaders warn of its detrimental impact on the economy and global standing in technology.