Nvidia and AMD Push Trump Administration to Ease China Chip Curbs

Nvidia and Advanced Micro Devices are lobbying the Trump administration to remove stringent China chip export restrictions from the National Defense Authorization Act, according to reports published on Tuesday, September 29, 2026.

### Money Play - **Semiconductor Policy Risk:** Monitor legislative changes to the AI OVERWATCH Act and Chip Security Act as trade negotiations impact hardware deployment timelines for major tech stakeholders like Microsoft ($MSFT+WL).

## Catalyst Analysis: What Changed Semiconductor executives are pressing the administration to intervene directly with lawmakers to strip provisions from the NDAA that would codify tighter export controls on advanced AI chips to countries of concern. Industry representatives argue that overly broad statutory limitations could push foreign competitors to accelerate domestic semiconductor alternatives while restricting domestic access to overseas markets. Lobbying efforts also target the Chip Security Act, with firms seeking compliance clarifications that avoid mandatory hardware redesigns.

## Impact on Mapped Tickers & Sectors Policy adjustments carry direct implications for enterprise technology portfolios and cloud infrastructure providers. Key levels for Microsoft ($MSFT+WL) trade near R2 $505.97, R1 $501.87, last $501.61, S1 $500.80, and S2 $496.78, reflecting steady volume at 1.32x the 20-day average and an RSI14 of 46.9.

### Winners, Uncertainties & Regulatory Risk - **Uncertainty:** Legislative outcomes hinge on bipartisan support in Congress and executive branch positioning during upcoming policy meetings. - **Compliance Timelines:** Proposed tracking mandates under the Chip Security Act introduce potential operational hurdles for multinational hardware suppliers.

### Risk Watch Traders are tracking legal and legislative milestones tied to the NDAA markup process, weighing regulatory compliance costs against international market access.