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 omission of funding for outbound investment restrictions in the recently enacted Further Consolidated Appropriations Act of 2024, or second minibus, is designed to prevent the Biden administration from blocking U.S. investors from taking over Chinese companies, the House Appropriations Committee said last week.
The Bureau of Industry and Security recently completed a round of interagency review for a final rule to make tweaks, clarifications and corrections to its recent chip export control updates released in October (see 2310170055). BIS sent the correction rule to the Office of Information and Regulatory Affairs Nov. 27 (see 2311280005), and the review was completed March 21. BIS has said the agency is looking to clarify several issues that exporters have raised since the controls were updated and correct other provisions that “may not have fully hit the mark we intended” (see 2311060067, 2311160044 and 2401260051).
The Census Bureau this week alerted export filers about two new license codes in the Automated Export System for License Exception Notified Advanced Computing (NAC), the exception introduced last year by the Bureau of Industry and Security for certain exports of semiconductors that fall just below the agency’s most recently updated chip control parameters (see 2311200042 and 2401030053). Companies using the license exception and exporting certain chips must submit notifications to BIS with data about the chip, including its total processing performance, the name of the exporter and other parties to the transactions, and the volume and value of the shipment.
China’s Commerce Ministry urged the U.S. against placing new export controls on companies linked to Huawei after hearing the U.S. is reportedly considering adding them to the Commerce Department’s Entity List.
China’s Semiconductor Manufacturing International Corp. “potentially” violated U.S. export control laws by producing 7 nanometer computing chips with American equipment it obtained before the Bureau of Industry and Security imposed updated export controls on chip-making tools last year, BIS Undersecretary Alan Estevez said.
The Commerce Department this week announced plans to provide about $20 billion in funding and loans to Intel under the Chips Act, which it said will “strengthen” the U.S. semiconductor supply chain by ensuring more leading-edge logic chips are made in America. Commerce said Intel expects to invest more than $100 billion over the next five years to set up new chip fabs and other facilities in Arizona, New Mexico, Ohio and Oregon, and coupled with Chips Act funding, that “would mark one of the largest investments ever announced in U.S. semiconductor manufacturing.”
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.
Although the EU is trying to reform its approach to export controls and other economic security issues, there still are loopholes in the bloc’s rules that allow technology to be illegally exported to China and elsewhere, EU policy experts said this week.
Michael Rithmire, former director of the Bureau of Industry and Security's Sensors and Aviation Division, joined semiconductor company Lam Research as its global trade director, he announced on LinkedIn last week. Rithmire most recently worked as a part-time consultant with Akin Gump after leaving BIS in September.