Stock Markets May 31, 2026 04:19 PM

U.S. Commerce Tightens Export Rules to Close Loophole Affecting Nvidia and AMD Chips

New guidance requires licenses for advanced AI chips destined for firms headquartered in China even if located offshore, potentially curbing shipments routed through third countries

By Leila Farooq NVDA AMD

The U.S. Department of Commerce issued guidance closing a possible pathway that may have enabled advanced AI chips from companies such as Nvidia and AMD to reach Chinese-controlled entities outside mainland China. The guidance enforces license requirements for entities headquartered in China regardless of their physical location, addressing a gap created earlier this year when the Commerce Department paused enforcement of an AI chip export rule.

U.S. Commerce Tightens Export Rules to Close Loophole Affecting Nvidia and AMD Chips
NVDA AMD

Key Points

  • Commerce Department guidance requires export licenses for advanced chips to entities headquartered in China even when those entities operate outside China, closing a potential routing loophole.
  • The guidance specifically references advanced processors including Nvidia's Rubin and Blackwell and AMD's MI350x as subject to the licensing requirement.
  • The pause in enforcement of the AI Diffusion rule in May 2025 created an interval during which industry sources estimate large volumes of chips may have been exported, though the exact number remains unclear.

The U.S. Department of Commerce published guidance on Sunday that tightens export controls for high-end semiconductors and related items by closing a potential loophole that may have allowed shipments to reach Chinese-controlled entities located outside the mainland.

Under the new guidance on the Commerce Department's website, advanced chips destined for entities that are headquartered in China will require export licenses even if the recipient operations are physically located in other countries. The department's action specifically calls out advanced processors including Nvidia's Rubin and Blackwell chips and AMD's MI350x as subject to the tightened licensing rules.

Regulators said the change addresses a situation in which subsidiaries or units of Chinese AI firms based in other countries - examples cited include locations such as Malaysia - may have been receiving advanced U.S.-origin AI chips without the required authorization. The guidance indicates that such routing around mainland China will now be treated as subject to the same licensing controls as direct exports to entities inside China.

The Commerce Department left the opening earlier this year when it announced in May 2025 that it would not enforce the AI Diffusion rule that had been finalized in the final days of the Biden administration. That rule governed global access to AI chips. The temporary non-enforcement created a period in which exports could have occurred under less stringent oversight.

Reporting cited in briefings indicates that at least one industry source with supply-chain knowledge estimated that hundreds of thousands of chips may have been exported during the period the opening existed, though the total number of chips actually shipped remains unclear.

Separately, Nvidia has obtained U.S. government licenses to sell its H200 chips, but the company lacks approvals from Chinese officials to complete deliveries in China. Earlier reporting, citing people familiar with the matter, said the U.S. had cleared roughly 10 Chinese firms to buy Nvidia's H200, but that no deliveries had been made to date.


What this means

The Commerce Department's guidance narrows the scope for companies exporting advanced AI-capable semiconductors by treating entities headquartered in China the same as those physically located there for licensing purposes. The change targets the routing of sensitive chips through overseas subsidiaries and affiliates.

Risks

  • The total number of advanced chips exported during the enforcement pause is uncertain, creating ambiguity for supply-chain oversight and regulatory enforcement - impacts the semiconductors and supply-chain sectors.
  • No deliveries of Nvidia's H200 to cleared Chinese firms have been confirmed despite U.S. approvals, indicating regulatory and approval uncertainty that affects chip makers and their customers in China - impacts the semiconductor and AI sectors.
  • The guidance may complicate export compliance for companies with multinational footprints and subsidiaries headquartered in China but operating offshore, introducing operational and licensing risk for exporters and distributors.

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