Nvidia on Thursday criticized a reported plan by the Joe Biden administration to impose new restrictions on AI chip exports, saying that the outgoing U.S. leader should not "preempt incoming President Trump" by enacting a last-minute policy.

President Joe Biden’s administration plans one additional round of restrictions on the export of artificial intelligence chips from the likes of Nvidia Corp. just days before leaving office, a final push in his effort to keep advanced technologies out of the hands of China and Russia.

The Biden administration intends to impose additional export restrictions on AI chips, including those produced by NVIDIA, just days before President Joe Biden leaves office. This move represents his final effort to prevent advanced technology from falling into the hands of China and Russia.