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.
A U.S. cryptocurrency trading software company has reached a proposed $2.4 million settlement with the Office of Foreign Assets Control to resolve allegations that it violated U.S. sanctions, the company disclosed this week.
The Trump administration may consider expanding the revenue-sharing arrangements that it reached with Nvidia and AMD to other U.S. companies, the White House said this week.
Semiconductor companies Nvidia and AMD are expected to pay the U.S. government a portion of the profits they earn from selling certain controlled chips to China, an arrangement that has sparked concerns and questions among exporters, lawmakers and former government officials.
U.S. export controls have so far helped American chip companies maintain technological dominance over Chinese ones, a technology policy expert said this week, which suggests the Trump administration should rethink its decision to allow sales of H20 chips to China (see 2507150013).
The head of a tech policy nonprofit urged the leaders of three congressional committees Aug. 7 to hold a hearing to examine the “large-scale smuggling” of advanced American AI chips into China in violation of U.S. export controls.
The Committee on Foreign Investment in the U.S. last year nearly doubled its site visits and opened multiple investigations on possible filing violations stemming from voluntary disclosures, CFIUS said in its annual report released this week.
Nvidia chips don’t have and shouldn’t be required to have so-called “kill switches” that would allow exported chips to be remotely disabled without the user’s consent, the semiconductor company said this week.
The Trump administration has failed to use sanctions and export controls to help end Russia’s war against Ukraine, the Democratic staffs of the Senate Banking and Foreign Relations committees said in a report released this week.
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.