Vance delivers AI chip export policy address in Silicon Valley

Vice President JD Vance delivered a policy address in Silicon Valley on March 22, 2026, on revised U.S. export controls for advanced AI chips. The Commerce Department had revoked the Biden administration's tiered AI diffusion rule and replaced it with a bilateral licensing framework; Vance framed the revisions as preserving U.S. technological leadership while enabling allied countries to purchase advanced semiconductors.