NVIDIA Corp (NVDA) issued a warning that impending Congressional legislation might impact its global competitiveness, causing tensions following President Trump's recent chip sales agreement with China. The proposed Guaranteeing Access and Innovation for National Artificial Intelligence Act, a part of the National Defense Authorization Act, necessitates AI chipmakers to prioritize domestic orders for advanced processors before fulfilling foreign requests. The legislation also demands the Commerce Department to reject export licenses for powerful AI chips with a processing power of 4,800 or more while U.S. entities remain pending for chip deliveries. Despite this, Nvidia disputes the necessity for such restrictions, emphasizing its commitment to servicing American customers. For further details, refer to the original report.