Republican Senator Tom Cotton of Arkansas, sponsor of the Chip Security Act, aimed to safeguard advanced chips from being procured by US competitors. Recent updates indicate that Senator Cotton engaged in a dialogue with Nvidia's CEO, Jensen Huang, who emphatically affirmed that Nvidia will strictly adhere to export control regulations. The Act stipulates that all export-controlled AI chips and their integrated products must incorporate location tracking systems to meticulously monitor product movements and thwart any attempts at smuggling or unauthorized utilization.