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Investing.com-- Amazon (NASDAQ:AMZN) is joining Microsoft (NASDAQ:MSFT) in backing legislation that aims to further limit Nvidia’s (NASDAQ:NVDA) exports to China, the Wall Street Journal reported on Thursday, citing congressional aides and people familiar with the matter.
Microsoft had publicly come out in favor of the Gain AI act– proposed legislation that aims to impose mandates on Nvidia and other tech exporters to prioritize U.S. demand over sending products to China and other embargoed markets.
Officials at Amazon’s cloud unit were seen telling Senate staffers they also supported the bill, the WSJ report showed. The Gain AI act will largely benefit U.S.-based tech firms by giving them first-mover access to Nvidia’s AI chips.
Alphabet (NASDAQ:GOOGL)-backed Anthropic is also supporting the policy, WSJ reported.
U.S. lawmakers are considering adding the act as an amendment to the National Defense Authorization act, the WSJ report said, with the measure seeing bipartisan support.
The legislation comes as Nvidia struggles to gain access to the lucrative Chinese market, after the Donald Trump administration imposed stricter restrictions on sales to China earlier this year.
While Trump did dial back some of the restrictions, Nvidia will be largely blocked from selling its most advanced chips in China. Recent reports showed that Nvidia will also be blocked from even selling its scaled back, less-powerful AI chips to China.
Nvidia is also facing increased resistance in China over its chip sales, as Beijing pushes for complete self-reliance in AI.