The U.S. government has told Nvidia and Advanced Micro Devices (AMD) that they must begin obtaining licenses to export certain computing chips to China, including Hong Kong and Macau, and certain other countries, the companies reported this week in filings with the Securities and Exchange Commission.
House Foreign Affairs Committee ranking member Gregory Meeks, D-N.Y., and former House Majority Leader Steny Hoyer, D-Md., introduced a bill April 14 that would increase sanctions and export controls on Russia over its invasion of Ukraine.
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The U.S. is likely to soon try to place export controls around open-source technologies, including technologies related to semiconductors and artificial intleligence, a geopolitical risk management consultant said.
Sens. Mike Rounds, R-S.D., and Mark Warner, D-Va., introduced a bill April 10 aimed at preventing the smuggling of U.S. artificial intelligence chips into China.
Seven Senate Republicans led by Sen. Pete Ricketts, R-Neb., called on the Commerce Department April 11 to replace its “burdensome” rule to regulate the global diffusion of advanced AI chips and models.
Landon Heid, President Donald Trump’s nominee to be assistant secretary of commerce for export administration (see 2502120020), said April 10 that he wants the Bureau of Industry and Security to wage a “continuous battle every single day” to prevent China from obtaining restricted U.S. technology.
China’s State Council this week released a white paper on economic and trade relations with the U.S., criticizing the U.S. government’s imposition of tariffs and export controls and saying that the two sides should strive toward “mutually beneficial cooperation.” The white paper seeks to “clarify the facts about China-US economic and trade relations and illustrate China's policy stance on relevant issues,” it says, according to an unofficial translation.
The House Foreign Affairs Committee approved several sanctions and export control bills April 9, including one that would increase sanctions on Iran's energy sector to deprive Tehran of revenue it uses to fund terrorism.
Exporters and other companies could start seeing an uptick in government subpoenas as the Bureau of Industry and Security looks to increase export penalties, industry officials said this week, adding that businesses should make sure they’re scrutinizing transactions and watching for red flags.