The U.S. Department of Commerce’s Bureau of Industry and Security will cancel all existing licenses for firearms exports to nongovernment end users in countries identified by the Department of State as high-risk destinations. The move is part of changes to the agency’s licensing policy for exports of firearms, ammunition and related components, which are expected...
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Tag: Department of Commerce
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US Cuts Back Licensing Requirements for Australia, UK to Promote Trade, Innovation
The United States has scaled down its export control rules for Australia and the United Kingdom to advance defense trade and innovation among the three countries. The Department of Commerce’s Bureau of Industry and Security, which released the interim final rule Thursday to govern trade flow for the AUKUS partners, estimated that the change would...
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US Constantly Assesses Chip Export Restrictions to China
The United States constantly evaluates if it should expand export control of advanced semiconductors to China. Commerce Secretary Gina Raimondo told reporters on Monday that officials consider the issue of chip export to China “every single day.” “Technology is changing faster than ever, which means we have to wake up every day and ask ourselves,...
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US, UK Sign Agreement to Collaborate on AI Safety Testing; Gina Raimondo Quoted
Artificial intelligence safety institutes in the United States and the United Kingdom will work together to develop tests designed to mitigate safety risks associated with AI models, systems and agents, including those related to national security. The partnership was established with the signing of a memorandum of agreement on Monday by U.S. Commerce Secretary Gina...
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US Grants Samsung $6.4B to Manufacture Semiconductors in Central Texas
The United States government is awarding up to $6.4 billion in direct funding to Samsung. On Monday, U.S. Secretary of Commerce Gina Raimondo visited the company’s new semiconductor manufacturing facility in Taylor, Texas, where she announced the investment. “We’re saying for the first time ever, Samsung can conduct in the United States of America core...
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New Export Restrictions Imposed on Nvidia, AMD’s AI Chips
The United States is requiring Advanced Micro Devices and Nvidia to secure licenses prior to exporting artificial intelligence chips to some countries in the Middle East. According to a Reuters article, Nvidia said in a regulatory filing that the new export rule would not have “immediate material impact” on its financial results. AMD does not...
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US Legislators Want Stronger Trade Actions to Curb China’s Dominance in Legacy Chips
U.S. House lawmakers want stronger actions to curtail China’s continued domination of older-generation microchip manufacturing. In a letter addressed to U.S. government business and trade officials, Reps. Mike Gallagher, R-Wis., and Raja Krishnamoorth, D-Ill., recommended implementing tariffs and other efforts to reduce the overreliance on China for less-advanced semiconductors in use across several industries. The legislators called on...