The chip maker urged the incumbent president not to 'pre-empt' the Trump administration with a policy to tighten export controls.

"We would encourage President Biden to not preempt incoming President Trump by enacting a policy that will only harm the U.S. economy, set America back, and play into the hands of U.S. adversaries," Nvidia Vice President Ned Finkle said in an emailed statement.

NVIDIA criticised new chip export restrictions that are expected to be announced soon, saying the White House was trying to undercut the incoming Trump administration by imposing last-minute rules. Read more at The Business Times.