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US says ban on AI chip shipments applies to Chinese firms outside China
US says ban on AI chip shipments applies to Chinese firms outside China Department of Commerce issues guidance on chip restrictions amid concerns about loopholes in export control regime. The United States has issued a notice affirming its restrictions on shipments of semiconductors to subsidiaries of Chinese companies located outside China amid concerns about loopholes in Washington’s export control regime. The Department of Commerce said in the guidance issued on Sunday that its licensing...
US takes step to halt Nvidia AI chip shipments to Chinese firms outside China
US takes step to halt Nvidia AI chip shipments to Chinese firms outside China The United States Department of Commerce on Sunday (May 31) moved to close a potential loophole that may have led companies to export the world's most advanced chips - like Nvidia's most sophisticated Blackwell processors - to subsidiaries of Chinese companies located outside China. The unexpected guidance suggests that the US' best AI chips may have been making their way to the subsidiaries of Chinese artificial...
US tells companies to stop passage of Nvidia's Blackwell AI chips to China
The US Commerce Department quietly posted a notice on its website on Sunday that does something Washington has been dancing around for a year: it shuts a loophole that may have funnelled hundreds of thousands of Nvidia's most powerful AI chips to Chinese companies through their offices in countries like Malaysia. The Bureau of Industry and Security said export licence rules in place since 2023 also apply to subsidiaries of China-headquartered firms operating outside Chinese borders—a...
Automakers, retailers warn US memory-chip shortage is impacting prices
Automakers, retailers warn US memory-chip shortage is impacting prices WASHINGTON, June 3 : The increasing need for memory chips to power artificial intelligence data centers could lead to dramatic price hikes in U.S. consumer goods and disrupt supply chains, groups representing automakers, retailers, electronic firms and others said on Wednesday. The groups said in a letter to the U.S. Treasury and Commerce departments that "an urgent imbalance in the market for memory chips could lead to...
U.S. Exports Rose in April, as War with Iran Buoyed Oil Demand
Commerce Department data showed exports rose 2.6 percent in April to $327.1 billion.
India-US trade talks to resume on June 1 as both sides push to finalise interim pact
Trade negotiations between India and the United States are set to gain momentum, with senior officials from both countries beginning a four-day meeting in New Delhi on Monday to work out the final details of an interim trade agreement. The US delegation will be led by chief negotiator Brendan Lynch, while India will be represented by Darpan Jain, additional secretary in the department of commerce and the country's chief negotiator for the talks. According to the commerce ministry, the...
Senators blast Trump for allowing AI chips to be sent to overseas units of Chinese firms
Democratic Senators Elizabeth Warren and Andy Kim on Monday slammed the Trump administration for potentially allowing advanced American AI chips to be sent to overseas units of Chinese firms, and called on Commerce Secretary Howard Lutnick to testify to Congress on the issue, according to a statement. In a surprise move, the Department of Commerce, which oversees US exports, on Sunday issued guidance to close a potential loophole that may have led companies to export the world’s most...
Google, Microsoft and xAI agree to provide US government with early AI model access
Google, Microsoft and xAI agree to provide US government with early AI model access A day after reporting from The New York Times said the Trump administration was considering whether to tighten its oversight of the AI industry, Google, Microsoft and xAI have signed agreements to provide the federal government with early access to their AI systems. According to the The Wall Street Journal, the Commerce Department Center for AI Standards and Innovation (CAISI) will evaluate new models the...
US takes step to halt Nvidia AI chip shipments to Chinese firms outside China
The US Department of Commerce on Sunday moved to close a year-old potential loophole it had created that may have led companies to export the world’s most advanced chips – such as Nvidia’s most sophisticated Rubin and Blackwell processors, as well as AMD’s MI350x – to Chinese entities located outside China. The unexpected guidance suggests the United States’ best artificial intelligence chips may have been making their way to the subsidiaries of Chinese AI firms based in places such as...
Illinois Gov. JB Pritzker to suspend tax breaks offered to data centers
Illinois Gov. JB Pritzker on Friday plans to temporarily halt offering tax breaks to data centers that apply to build in the state and intends to call on lawmakers and other groups to hash out a framework in the fall veto session for how the centers should be developed. In a plan first shared with NBC News, Pritzker will announce he will pause the processing of any applications to the tax incentive program handled by the Illinois Department of Commerce and Economic Opportunity beginning July...