U.S. Tightens Export Restrictions on Advanced AI Chips in Geopolitical Tech Rivalry
The Biden administration recently unveiled a series of measures aimed at restricting the export of advanced artificial intelligence (AI) chips and other related technologies to China. The main goal of these measures is to prevent Beijing from gaining access to cutting-edge U.S. technologies that could potentially enhance its military capabilities. This development represents an escalation […]
U.S.’s assault on China’s chip industry will not affect Samsung or SK Hynix
Insiders revealed the Biden administration intends to exempt SK Hynix (005930.KS) & Samsung (005930.KS) from the impact of new Chinese memory chipmaker limitations intended to impede Beijing’s technology ambitions and hinder its military development.According to the sources, requests from American suppliers to send equipment to Chinese companies like Yangtze Memory Technologies Co Ltd (YMTC) as […]
Biden to strike China with tougher regulations on U.S. tools & chip imports
The Biden administration intends to broaden curbs on American shipments of semiconductors used in chip manufacturing and artificial intelligence to China starting next month.Officials, who spoke on the condition of anonymity, revealed that the Commerce Department plans to publish proposed rules based on restrictions conveyed in letters to three American companies earlier this year: Lam […]
OPEC+ members face issues of tight oil supplies
Discussions about OPEC+ and its plans for oil revenue in August are set on course. Still, officials remained tight-lipped on September’s policy updates despite surging rates as there is a blatant scarcity in supplies on a world scale, packed together with the concern that these nations may not have enough provisions needed to stock on […]
Exclusive: Biden’s electric vehicle plan includes battery recycling push
President Joe Biden’s strategy to make the United States a powerhouse in electric vehicles includes boosting domestic recycling of batteries to reuse lithium and other metals. Biden’s administration is set to wrap up a 100-day review of gaps in supply chains in key areas, including electric vehicles (EV). These gaps include the minerals used in […]