The House Select Committee on China has sent letters to the chief executives of U.S. chipmakers Intel, Nvidia and Micron Technology asking them to testify before the panel about the challenges their industry faces, a person close to the committee said Jan. 12, confirming a Financial Times report. A hearing date has not yet been determined, the person said.
A new U.S. executive order significantly raises Russia-related compliance risks for foreign banks that may have thought they weren’t subject to U.S. sanctions authorities, law firms said this month. The order also could lead to new risks for U.S. businesses, the firms said, which may need to conduct more due diligence on any foreign financial institutions with ties to their supply chains.
The Commerce Department plans to announce a “department-wide” strategy in the “weeks ahead” that will address its major priorities in national security, Deputy Commerce Secretary Don Graves said on Jan. 9.
Export Compliance Daily is providing readers with the top stories from last week in case you missed them. You can find any article by searching for the title or by clicking on the hyperlinked reference number.
The U.S. should push for export controlled semiconductors to be installed with a mechanism that would automatically bar those chips from being used in ways that violate U.S. export restrictions, researchers said in a new report this week. They said this would significantly aid export enforcement efforts and could potentially allow compliant chip companies to sell to a broader range of customers.
The Commerce Department announced on Jan. 4 that it has agreed to provide about $162 million to Microchip Technology under the Chips Act to nearly triple semiconductor production at the company’s facilities in Colorado Springs, Colorado, and Gresham, Oregon.
The State Department’s recently published fall 2023 regulatory agenda mentions rules that will update defense export controls and make other changes and clarifications to the International Traffic in Arms Regulations.
Export Compliance Daily is providing readers with the top stories from last week in case you missed them. You can find any article by searching for the title or by clicking on the hyperlinked reference number.
The Bureau of Industry and Security published a new set of frequently asked questions for its recently updated semiconductor export controls (see 2310170055), offering guidance on the agency’s new export notification requirement, its controls on U.S. persons activities, the scope of its end-use controls, direction for electronic export information filers and more. The FAQs also give input on several export scenarios that may require a license and preview at least one export control revision that BIS plans to make.
Export Compliance Daily is providing readers with the top 20 stories published in 2023. All articles can be found by searching on the titles or by clicking on the hyperlinked reference numbers.