Commerce Secretary Howard Lutnick spoke with Bureau of Industry and Security employees during a town hall meeting Aug. 19, where he discussed their "vital work supporting Trump’s America First Trade Policy, which boosts U.S. industry, secures supply chains, and protects American tech from foreign exploitation," the agency said in a social media post. "BIS enforces export controls, closes loopholes, and keeps innovation domestic, driving thriving industries and national security."
The U.S. should rent out AI chips to China instead of selling them, a strategy that would allow American firms to continue profiting while giving the U.S. the ability to cut off access at any time, researchers said.
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The future effectiveness of U.S. export controls will depend on which technologies the government targets, how it collaborates with allies, and how well the U.S. is able to resource the Bureau of Industry and Security, said Navin Girishankar and Matt Borman of the Center for Strategic and International Studies.
Citing national security and legal concerns, seven Democratic lawmakers called on the Trump administration Aug. 15 to reverse its decision to allow Nvidia and AMD to sell certain controlled computing chips to China in exchange for a portion of their sales revenue.
Malaysia's July export license mandate for shipments of U.S.-origin advanced AI semiconductors could be a precursor to the U.S. carving out Malaysia from upcoming rules on advanced chip exports, a former Bureau of Industry and Security official said.
Treasury Secretary Scott Bessent this week echoed earlier comments from the White House that said the administration is open to expanding its Nvidia and AMD revenue-sharing export arrangements to other companies or industries (see 2508120049). He said the U.S. is OK negotiating export controls over Nvidia’s H20s chips because they present no national security issues.
Two Republican lawmakers gave different views Aug. 12 on the Trump administration’s decision to allow Nvidia and AMD to sell certain controlled chips to China in exchange for a portion of their sales revenue (see 2508110044).
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.