An upcoming Bureau of Industry and Security rule that’s expected to place new export controls on advanced AI-related chips will “go down as one of the most destructive to ever hit the U.S. technology industry,” major cloud services provider Oracle said this week.
Exports to China
The Bureau of Industry and Security is adding 13 companies and research institutes to the Entity List for illegally shipping export controlled items to other Entity Listed firms, supporting China’s military modernization efforts or aiding Pakistan’s ballistic missile program, the agency said in a final rule released last week and effective Jan. 6
China announced new export controls on American defense contractors Jan. 2, adding some firms to a list that bans them from receiving dual-use items and adding another set of companies to its so-called Unreliable Entity List.
Congress and the executive branch should use a mix of export controls and foreign investment restrictions to prevent China from using biotechnology to commit human rights abuses, the Congressional-Executive Commission on China said in its 2024 annual report.
The Bureau of Industry and Security should increase its enforcement of semiconductor export controls to prevent American-made computing chips from ending up in Russian weapons and Chinese artificial intelligence systems, the Democratic majority staff of the Senate Permanent Subcommittee on Investigations said in a new report released this week.
The U.S. probably won't immediately lift a broad range of Russia sanctions when Donald Trump enters the White House next month, the former director of the Office of Foreign Assets Control said this week, despite the president-elect’s campaign promises to end the war between Russia and Ukraine during his first day.
The outbound investment legislation that lawmakers agreed Dec. 17 to include in a newly unveiled continuing resolution (CR) (see 2412170063) would expand upon the Biden administration’s August 2023 executive order (see 2308090066) by covering more artificial intelligence models and by adding hypersonic and related aerospace technologies.
Semiconductor companies should expect more export control rules from the Bureau of Industry and Security before the Trump administration takes office, including possibly new licensing rules and record-keeping requirements for certain chip exports to destinations outside of China, trade lawyer Charles Capito said.
The EU on Dec. 16 announced its 15th sanctions package against Russia, designating nearly 100 new people and entities and taking other measures designed to prevent circumvention of EU sanctions.
The U.S. and its allies should increase their scrutiny of China's foreign investment in commercial remote sensing firms to ensure the Chinese military does not benefit from such transactions, the congressionally mandated U.S.-China Economic and Security Review Commission said in a new report Dec. 16.