The Biden administration announced a "final rule" on AI chip export controls Monday, as tech leaders express concern framework undermines U.S. leadership.

The Biden administration is proposing a new framework for the exporting of the advanced computer chips used to develop artificial intelligence, an attempt to balance national security concerns about the technology with the economic interests of producers and other countries.

The Biden administration laid out a tiered system for access to high-end processors and computing power, clearing the path for a list of 18 allies.