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Paul Rosen - 2 Biden - 2 Thea Rozman Kendler - 2 David Shepardson - 2 Karen Freifeld - 2 Bill Hagerty - 1 Kendler - 1 Daphne Psaledakis - 1
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6 mentions found


☆ US seeks to curb investment in Chinese chips, AI and quantum computing
  + stars: | 2023-05-31 | by ( Karen Freifeld | ) www.reuters.com   time to read: +2 min
WASHINGTON, May 31 (Reuters) - New rules under consideration would restrict the flow of U.S. investments and know-how into Chinese companies working on advanced semiconductors, artificial intelligence and quantum computing, a U.S. Treasury official said on Wednesday. Reuters reported in February that the Biden administration plans to ban investments in some Chinese technology companies and increase scrutiny of others, three sources said, as part of its plan to crack down on the billions that American firms have poured into sensitive Chinese sectors. China hawks in Washington blame U.S. investors for transferring capital and valuable know-how to Chinese tech companies that could help advance Beijing's military. Separately, Republican Senator Bill Hagerty asked about efforts to restrict the supply of U.S. origin goods to Chinese telecommunications company Huawei. Reporting by David Shepardson and Daphne Psaledakis in Washington, and Karen Freifeld in New York; Writing by Chris Sanders; Editing by Daniel WallisOur Standards: The Thomson Reuters Trust Principles.
Persons: Paul Rosen, Biden, Bill Hagerty, Thea Rozman Kendler, Kendler, David Shepardson, Daphne Psaledakis, Karen Freifeld, Chris Sanders, Daniel Wallis Organizations: Treasury, Reuters, Republican, Huawei, Exports, Commerce, Thomson Locations: U.S, China, Washington, New York
☆ US clamps down on sensitive export requests to China
  + stars: | 2023-05-30 | by ( David Shepardson | ) www.reuters.com   time to read: +2 min
Nearly 700 Chinese parties are subject to the government's export controls on what is known as the "Entity List," Assistant Secretary of Commerce for Export Enforcement Matthew Axelrod said in written testimony. The goal is to counter China's "military modernization, human rights abuses, and other activities contrary to our national security and foreign policy interests," he said. The hearing is titled "Countering China: Advancing U.S. National Security, Economic Security, and Foreign Policy". The administration's plans to restrict certain U.S. outbound investments in specific sensitive technologies are still under discussion, said testimony from Treasury Department official Paul Rosen. Commerce Secretary Gina Raimondo said in March the Biden administration was considering a pilot program to address risks about investment in China.
Persons: Beijing's, Thea Rozman Kendler, Export Enforcement Matthew Axelrod, Biden, Paul Rosen, Gina Raimondo, Raimondo, David Shepardson, Karen Freifeld, Chris Reese, Sonali Paul Organizations: U.S, Commerce, Export Enforcement, . National Security, Economic Security, Treasury Department, Thomson Locations: China
☆ US adds units of China's BGI, Inspur to trade blacklist
  + stars: | 2023-03-02 | by ( Alexandra Alper David Shepardson | Alexandra Alper | David Shepardson | ) www.reuters.com   time to read: +3 min
REUTERS/Eric ThayerMarch 2 (Reuters) - The Biden administration on Thursday added 37 companies to a trade blacklist, including units of Chinese genetics company BGI (300676.SZ) and Chinese cloud computing firm Inspur, in a move that promises to further ratchet up tensions with Beijing. The Commerce Department, which oversees export controls, added BGI Research and BGI Tech Solutions (Hongkong), over allegations that the units pose a "significant risk" to contributing to Chinese government surveillance. The Commerce Department accused Inspur of acquiring and attempting to acquire U.S. goods to support China's military modernization efforts. Commerce added 26 other Chinese entities to the list - which makes it hard for targeted companies to receive shipments of U.S. goods from suppliers. In 2020, the Commerce Department added two units of BGI Group, the world’s largest genomics company, to its economic blacklist over allegations it conducted genetic analyses used to further the repression of China’s minority Uyghurs.
☆ U.S. Leans on Turkey to End Russian Flights With American-Made Planes
  + stars: | 2023-01-26 | by ( Jared Malsin | ) www.wsj.com   time to read: 1 min
ISTANBUL—U.S. officials are pressuring Turkey to stop Russian airlines from flying American-made airplanes to and from the country, said officials familiar with the talks, signaling a new push in Washington to persuade countries to enforce sanctions imposed on Moscow after its invasion of Ukraine last year. Senior American officials warned last month that Turkish individuals are at risk of jail time, fines, loss of export privileges and other measures if they provide services like refueling and spare parts to U.S.-made planes flying to and from Russia and Belarus in violation of export controls imposed last year, the officials said. Assistant Secretary of Commerce Thea Rozman Kendler delivered the message to Turkish officials during a December visit to Turkey, the officials said.
☆ Biden blacklists China's YMTC, crackdowns on AI chip sector
  + stars: | 2022-12-15 | by ( Alexandra Alper | ) www.reuters.com   time to read: +5 min
WASHINGTON, Dec 15 (Reuters) - The Biden administration on Thursday added Chinese memory chipmaker YMTC and 21 "major" Chinese players in the artificial intelligence chip industry to a trade blacklist, broadening its crackdown on China's chip industry. It also comes as Congress prepares to finalize legislation to bar the U.S. government from buying products that contain semiconductors made by YMTC, Chinese memory chipmaker CXMT or China's top chip manufacturer SMIC. The Commerce Department on Thursday also targeted nine Chinese entities for allegedly seeking to support China's military modernization, including Shanghai Micro Electronics Equipment Group Co Ltd (SMEE), China's only lithography company. Two of the Chinese companies removed from the unverified list - YMTC and SMEE- were added to the entity list. Being added to the unverified list forces U.S. suppliers to perform greater due diligence before shipping to the targeted companies.
☆ Biden to blacklist China's YMTC, crackdown on AI chip sector
  + stars: | 2022-12-15 | by ( Alexandra Alper | ) www.reuters.com   time to read: +4 min
WASHINGTON, Dec 15 (Reuters) - The Biden administration on Thursday plans to add Chinese memory chipmaker YMTC and 21 "major" Chinese players in the artificial intelligence chip industry to a trade blacklist, broadening its crackdown on China's chip industry, the Commerce Department said. A total of 35 Chinese entities will be added to the trade blacklist, known as the entity list. The Biden administration plans to remove 26 Chinese entities from the so-called unverified list thanks to successful site visits. Being added to the unverified list forces U.S. suppliers to perform greater due diligence before shipping to the targeted companies. Commerce Department officials have attributed greater cooperation from Beijing in site checks to a new rule announced in October.
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