WASHINGTON—The chief executives of chip giants Nvidia and Advanced Micro Devices stood behind the Trump administration’s new artificial-intelligence “action plan” on Wednesday, welcoming a set of moves that could serve as a further boon for the American chip sector.
The plan, which also has been embraced by the broader tech and business community, promises to clear away red tape around the development and use of AI and boost exports of American tech—including semiconductors essential for AI.