House China panel leaders introduce ‘GAIN AI Act’ on China chip sales

The bipartisan leadership of the House select committee on China have introduced the GAIN AI Act to ensure U.S. companies are ahead of Chinese competitors in the queue to purchase advanced artificial intelligence chips, after the Senate included the legislation in its version of the fiscal 2026 National Defense Authorization Act.

President Trump and Chinese President Xi Jinping discussed the chips issue during their Oct. 30 meeting in South Korea, Trump told reporters on Air Force One as he...