Regulatory action on chips, AI is coming, Commerce official says

Semiconductor chips are seen on a printed circuit board in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration 15 Jul 2026 12:34AM WASHINGTON, July 14 : Action regulating artificial intelligence and semiconductors is coming, a U.S. Commerce Department official who oversees export controls said at a hearing on Tuesday.The official, Jeffrey Kessler, made the remarks while noting that the Trump administration does not plan to replace the Biden era AI diffusion rule, which set up a global regime capping AI chip shipments certain countries could receive. Source: Reuters