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U.S. officials provide some relief to non-Chinese chipmakers

Published

2 years ago

on

BMW faces chip shortage

The U.S. government is allowing at least two non-Chinese chipmakers who are operating in China to receive restricted goods and services

It means their suppliers will not have to seek licenses for their work. It’s expected to ease the burden for these companies, which are in the firing line as the U-S cracks down on the Chinese chip sector.

The Biden administration is planning to spare foreign companies from the brunt of the new measures.

But the latest round of regulations failed to mention companies in this position.

The new rules mean U-S exports need licenses before they can be shipped to facilities in China.

U.S. authorities were seeking to grant these licenses on a case-by-case basis.

Vendors will also be prohibited from supporting and sending supplies that are not from the U-S to Chinese factories if they are required to.

It is unclear how long a licenses may take, as concerns loom around delays to shipments.

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Costa is a news producer at ticker NEWS. He has previously worked as a regional journalist at the Southern Highlands Express newspaper. He also has several years' experience in the fire and emergency services sector, where he has worked with researchers, policymakers and local communities. He has also worked at the Seven Network during their Olympic Games coverage and in the ABC Melbourne newsroom. He also holds a Bachelor of Arts (Professional), with expertise in journalism, politics and international relations. His other interests include colonial legacies in the Pacific, counter-terrorism, aviation and travel.

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Billionaire & engineer make history after world’s first private space mission

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14 hours ago

on

September 13, 2024

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A billionaire and an engineer have made history with the world’s first private spacewalk aboard SpaceX’s Crew Dragon capsule.

Jared Isaacman and Sarah Gillis stepped outside SpaceX’s Crew Dragon capsule for nearly two hours, tethered to the craft as it orbited Earth.

This risky mission tested new spacesuits and technology, pushing the limits of private space travel. #featured #trending

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News

Apple’s iPhone 16 event puts AI back into the spotlight

Published

4 days ago

on

September 10, 2024

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Apple has unveiled its long-awaited artificial intelligence-boosted iPhone 16 and promised improvements in its Siri personal assistant.

Apple CEO Tim Cook emphasised the company’s commitment to innovation, aiming to redefine the future of consumer technology with seamless AI integration. #featured #trending #hotshots #hot shots

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Elon Musk is projected to become the world’s first trillionaire

Published

4 days ago

on

September 9, 2024

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Elon Musk, the visionary entrepreneur behind Tesla and SpaceX, is projected to achieve an unprecedented financial milestone by becoming the world’s first trillionaire by 2027.

Currently the richest person alive, Musk holds a staggering net worth of $251 billion, with Tesla playing a major role in his fortune.

At this rate, experts predict his wealth could skyrocket, reaching the trillion-dollar milestone in just three years.

Tesla itself is growing at a remarkable pace, with a market value nearing $670 billion. #featured #trending

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