The Biden administration, which announced in August 2023 that it would develop restrictions on outbound investment in China (see 2308090066), expects to finalize the new regulations by the end of calendar year 2024, Commerce Secretary Gina Raimondo said May 8.
The Commerce Department has revoked export licenses used by Intel and Qualcomm to sell certain semiconductors to Huawei, the Financial Times reported May 7. The report said the companies used the licenses to sell chips for Huawei’s laptops and mobile phones. A Commerce spokesperson didn’t immediately respond to a request for comment but told the Financial Times that the agency “continuously” assesses its export controls, and “as part of this process, as we have done in the past, we sometimes revoke export licenses.”
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The U.S. will struggle to compete technologically with China unless it continues to loosen trade barriers around sensitive technologies for a broader range of allies outside just the U.K. and Australia, Mike Gallagher, a former member of Congress, said this week.
A bipartisan group of four House members introduced a bill last week they said would close an export control loophole that has allowed China to access advanced U.S. computing chips remotely.
Aggressive new U.S. export controls on advanced computing chips and the equipment to manufacture them are having unintended side effects and may be causing more harm than good for Western companies, a Brussels-based think-tank said.
Brooklyn, New York, resident Nikolay Grigorev pleaded guilty April 30 for his role in a scheme to illicitly export electronic components from the U.S. to companies linked to the Russian military, DOJ announced.
The EU and Japan on April 30 held their second Digital Partnership Council, agreeing on "new deliverables to further cooperate on core digital technologies," including artificial intelligence, 5G, 6G, semiconductors, high performance computing (HPC) and quantum technology, the European Commission announced.
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China expressed serious concern over the Japanese government's announcement of plans to implement new export controls on semiconductors and other technologies, according to a summary of answers to reporters' questions from the Chinese Ministry of Commerce, according to an unofficial translation. The ministry said the move is an effort to generalize the notion of national security and abuse export control measures to fragment the global semiconductor market. The result will "seriously affect the normal trade exchanges between Chinese and Japanese companies" and damage the global supply chain. China said it will "take necessary measures" to safeguard its interests.