MANAGEMENTTHE UNITED STATES DEPARTMENT OF COMMERCE
US charges Indian national with conspiring to illegally export aviation components to Russia Sanjay Kaushik, a 57-year-old Indian national, was arrested in Miami and charged with conspiring to illegally export US aviation components to Russia. Prosecutors allege that Kaushik and his co-conspirators purchased aviation goods under false prete...
23 Nov, 2024, 07.43 AM ISTIndia surpasses China as top source of international students in the US, first time in 15 years India is now the leading source of international students in the United States. Over 330,000 Indian students enrolled in US institutions during the 2023-2024 academic year. This represents a 23% increase from the previous year. The total number of i...
18 Nov, 2024, 12.24 PM ISTLawmakers urge US Secretary to act against Huawei's semiconductor development amid national security concerns Chairman John Moolenaar and Ranking Member Raja Krishnamoorthi of the Select Committee on the Chinese Communist Party urge U.S. Secretary of Commerce Gina Raimondo to take action against Huawei's semiconductor facilities. They express concerns that ...
17 Oct, 2024, 01.38 PM IST
US sets new rule that could spur AI chip shipments to the Middle East Under the new rule, data centers will be able to apply for Validated End User status that will allow them to receive chips under a general authorization, rather than requiring their U.S. suppliers to obtain individual licenses to ship to them.
01 Oct, 2024, 12.33 PM ISTWhy blame Chinese cars, Tesla and GM are also spying on Americans The United States is heavily concerned about Chinese software and hardware in car models that could be 'spying' on their users, and maliciously collecting private data from them, and using it for surveillance means. Meanwhile, Tesla and GM are also ...
28 Sep, 2024, 03.44 AM ISTUS new home sales slow slightly in August Sales of new homes in the United States cooled less than expected in August, according to government data released Wednesday, with lower interest rates potentially boosting the market going forward. This could, in turn, boost the market for home sal...
25 Sep, 2024, 08.21 PM ISTBiden proposes banning Chinese vehicles from US roads with software crackdown The U.S. Commerce Department has proposed banning key Chinese software and hardware in connected vehicles on American roads due to national security concerns. This regulation would prevent nearly all Chinese cars from entering the U.S. market and re...
23 Sep, 2024, 05.34 PM ISTUS closer to greenlighting Nvidia chips for Saudi Arabia The U.S. government is considering allowing Nvidia to export advanced AI chips to Saudi Arabia, potentially aiding the country in training and running powerful AI models. The topic was discussed at Saudi Arabia's global AI summit, with efforts being...
12 Sep, 2024, 10.21 AM ISTUS roll outs new export controls to restrict China's chip industry The United States has introduced new export controls on quantum computers and semiconductor-manufacturing equipment to counter the use of advanced technologies by rivals like China.
09 Sep, 2024, 10.35 AM ISTBlasting US sanctions on firms with Russia links, Beijing says will 'adopt necessary measures' China denounced recent US sanctions on its companies tied to Russia's conflict in Ukraine, vowing to protect its business interests. The US claims the firms provide dual-use goods aiding Russia's war efforts. The Ministry of Commerce criticized the ...
26 Aug, 2024, 12.39 AM ISTTE Connectivity settles with US for illegally shipping components to Chinese entities The US imposed sweeping export controls on US technology and added hundreds of Chinese parties to its export control list in recent years to limit China's ability to strengthen its military in ways that threaten US national security.
16 Aug, 2024, 12.26 PM ISTUS lawmakers urge probe of WiFi router maker TP-Link over fears of Chinese cyber attacks In calling for an investigation, the US legislators cited known vulnerabilities in TP-Link firmware and instances of its routers being exploited to target government officials in European countries. The US, its allies and Microsoft last year disclos...
16 Aug, 2024, 08.43 AM ISTUS expected to propose barring Chinese software in autonomous vehicles The U.S. Commerce Department is expected to propose a ban on Chinese software in autonomous and connected vehicles in the coming weeks, sources briefed on the matter have indicated. This rule would apply to vehicles in the United States with Level 3...
05 Aug, 2024, 08.06 AM ISTUS to award Taiwan's GlobalWafers up to $400 million to boost US semiconductor wafer production The planned subsidy would support $4 billion in planned investments by GlobalWafers in both states to construct new wafer manufacturing facilities and create 1,700 construction and 880 manufacturing jobs. GlobalWafers also plans to convert a portion...
17 Jul, 2024, 03.37 PM ISTChhattisgarh govt launches 'single window system 2.0' for ease of industrialists Chhattisgarh Chief Minister Vishnu Deo Sai on Tuesday launched the second edition of the 'single window system' (SWS) to facilitate speedy approvals of various clearances required for setting up industries. Speaking at the launch of the portal at hi...
02 Jul, 2024, 05.59 PM ISTUS, Japan, South Korea vow strategic cooperation to boost security, economies Commerce and trade ministers from the U.S., Japan, and South Korea agreed to cooperate on AI safety, export controls, clean energy, and semiconductor supply chains. U.S. Commerce Secretary Gina Raimondo emphasized the importance of collaboration for...
27 Jun, 2024, 06.44 AM ISTUS probing China Telecom, China Mobile over internet, cloud risks The Biden administration is investigating China Mobile, China Telecom, and China Unicom over concerns they could misuse access to American data through their U.S. cloud and internet services by sharing it with Beijing. The Commerce Department is lea...
25 Jun, 2024, 07.22 AM ISTUS retail sales misses expectations in April Retail sales in the United States were flat in April, signaling a slowdown in consumer spending. Overall sales held steady at $705.2 billion, with a 3.0% increase from a year ago.
15 May, 2024, 08.13 PM ISTUS may soon unveil list of Chinese chip factories barred from receiving tech The commerce department in 2022 barred U.S. companies from shipping equipment to Chinese factories producing advanced chips, as the U.S. seeks to severely limit Beijing's technological advances over national security concerns.
29 Mar, 2024, 08.03 AM ISTUS current account deficit narrows in fourth quarter In the fourth quarter, the U.S. current account deficit decreased to $194.8 billion, down 0.8%. Despite being a net exporter of crude oil, the deficit had little impact on the dollar as the reserve currency.
21 Mar, 2024, 07.09 PM IST