Trump wants to amend AI Chip export controls? The U.S. Department of Commerce: Simplifying the 'Biden rules' is beneficial for innovation!

① A spokesperson for the USA Department of Commerce stated that President Trump plans to lift the restrictions on the export of advanced AI Chips instituted during the Biden administration, claiming that Biden's rules are overly complex and will hinder innovation in the USA; ② In January of this year, Biden released the "AI Diffusion Export Control Framework," establishing a "three-tier licensing system" for AI Chips, which limits the amount of advanced AI Chips accessible to various countries and regions.

cls.cnMay 8 08:31

Will US chip stocks need to drop another 15%? JPMorgan: Under the impact of tariffs, a new round of "earnings downgrade cycle" has begun.

Although JPMorgan expects that the overall performance of chip companies in the first quarter is acceptable, and chip stocks have declined about 25% over the past two months, the bank still warned in a Research Reports on April 17 that the market has not truly hit bottom. With Trump restarting tariffs and customers reducing Orders, the chip Industry may enter a new round of "earnings downgrade cycle." In the coming quarters, if the overall EPS expectations for the Industry are significantly revised down by 15%-25%, chip stocks may decline further by 10%-15%.

wallstreetcnApr 17 17:36

Heavy announcement! The USA exempts some Commodities from "reciprocal tariffs", including chips, laptops, Smart Phones, and others.

Some analysts believe that one of Trump's purposes in wielding the "tariff stick" is to bring American manufacturing back. However, Wall Street is not Bullish on this; a recent report from Bank of America warns that if Apple shifts all iPhone production to the U.S., costs will soar by 90% and face Logistics challenges.

Brokerage ChinaApr 13 09:38

Express News | The team of USA Secretary of Commerce Raimondo proposed to eliminate the current rewards under the "CHIPS Act".

BreakingsApr 1 10:45

Does Trump want to abolish the CHIPS Act? Lawmakers: It's almost impossible to achieve!

① In a speech to Congress, USA President Trump expressed hope to abolish the Chips and Science Act to reduce the deficit. However, several members of Congress responded that abolishing the act is almost impossible; ② Republican senators believe that the funds allocated to support USA chip production are crucial for National Security, and Congress cannot muster enough votes to repeal the act.

cls.cnMar 7 14:03

Major upheaval in the chip industry! Trump calls for the repeal of the CHIPS Act and the cancellation of funding to reduce the deficit.

The new Trump administration has begun reviewing projects authorized under the Chips Act and has laid off about one-third of the staff responsible for the $39 billion manufacturing incentives office associated with the Chips Act.

cls.cnMar 5 13:45