President Donald Trump has rescinded a set of Biden-era curbs meant to keep advanced technology out of the hands of foreign adversaries but that has been panned by tech giants.

U.S. President Donald Trump's administration plans to rescind and modify a Biden-era rule that curbed the export of sophisticated artificial-intelligence chips, a spokeswoman for the Department of Commerce said on Wednesday.

The Trump administration plans to rescind some Biden-era AI chip curbs as part of a broader effort to revise global semiconductor trade restrictions that have drawn strong opposition from major tech companies and foreign governments.