The United States has reportedly stalled Advanced Micro Devices’ bid to sell an artificial intelligence chip with lower performance capability to China. Citing people familiar with the matter, Bloomberg reported that U.S. officials informed AMD that the AI processor was still classified as powerful. They advised the chipmaker to secure a license from the Department...
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FBI Probes Chinese Company Over Potential CFIUS Violation
The FBI has launched an investigation into Huafon’s potential violation of a national security agreement with the Committee on Foreign Investment in the United States in connection with the Chinese chemicals company’s acquisition of DuPont’s biomaterials business. CFIUS approved the $240 million acquisition deal, which was finalized in May 2022, with the condition that Huafon...