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.

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

Nvidia has voiced strong opposition to a reported plan by the Biden administration to impose new restrictions on AI chip exports. The leading AI chip company has called the policy potentially harmful to the US economy,