In Q3 2026, Nvidia, Google, Intel and Anthropic lobbied against new limits on AI chip exports, according to lobbying disclosures analyzed by Punchbowl News. These companies targeted specific measures in the Senate version of the annual National Defense Authorization Act, including the AI OVERWATCH Act, the Chip Security Act and the MATCH Act. Nvidia, which already took a 4.5 billion dollar charge in 2025 tied to export rules affecting its H20 chips, also stepped up outreach to the Trump administration and the Commerce Department. The proposals have drawn bipartisan support in Congress, with backers framing them as a national security issue regarding access to hardware used to train frontier AI models. The outcome of these bills will set the tone for US export policy on advanced semiconductors destined for China.
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