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.
Twitter Files: Jack Dorsey urges Elon Musk to ‘release everything without filter’
The fallout continues as Elon Musk keeps pursuing transparency
Ex-Twitter boss Jack Dorsey is calling on the new CEO Elon Musk to make all the ‘Twitter files’ public.
The move comes after the company’s former deputy general counsel James Baker was fired for his role in suppressing the Hunter Biden laptop story.
Baker is accused of being part of a ‘deep state’ at the social media platform and sabotaging or obstructing the recent efforts by Musk in releasing information to the public.
Twitter’s former deputy general counsel James Baker is also former counsel to FBI director James Comey.
The situation allegedly came to Musk’s attention on Tuesday after revelations that Baker was delaying the release of files showing government collusion with Twitter to journalists Matt Taibbi and Bari Weiss.
In a Tuesday thread Taibbi wrote, “On Friday, the first installment of the Twitter files was published here. We expected to publish more over the weekend. Many wondered why there was a delay.”
“We can now tell you part of the reason why. On Tuesday, Twitter Deputy General Counsel (and former FBI General Counsel) Jim Baker was fired. Among the reasons? Vetting the first batch of ‘Twitter Files’ — without knowledge of new management.”
Ohio Republican Congressman Jim Jordan promised investigations into this and other Big Tech firms colluding with government officials to suppress information.
“I am very concerned about the government influencing big tech in this collusion we now see big tech, big media, big government all working to keep information from with the people,” Jordan said.
When asked about this story during the White House daily press briefing, press secretary Karine Jean-Pierre said she will not comment of things that happened during U.S. President Joe Biden’s presidential election.
How did Musk lose his title as the world’s richest person?
Elon Musk has briefly lost his title as the world’s richest person
This is all following a steep drop in the value of his stake in Tesla and his $44 billion purchase of Twitter.
Bernard Arnault, the CEO of LVMH, which includes luxury brands such as Louis Vuitton, briefly took over the title, with a personal wealth of $185 billion.
Musk has held the top position since late 2021, but has seen his wealth drop, as Tesla investors are worried that he is focused more on Twitter than the electric vehicle company.
Tesla has lost nearly half of its market value and Musk’s value has fallen approximately $70 billion since he made a bid for Twitter back in April.
Musk slams investigation of bedrooms at Twitter HQ
It’s every office worker’s dream, turning headquarters into a snooze zone… but Elon Musk has slammed concerns
Elon Musk has criticised San Francisco Mayor over an investigation into offices turned into bedrooms at Twitter’s headquarters.
Musk accused the city of attacking companies providing bedrooms for “tired employees”.
The new Twitter boss recently demanded staff committed to long hours or left.
San Fran authorities are investigating potential violations of the building code
A Department of Building Inspection official told local media ‘We need to make sure the building is being used as intended.”
It follows this tweet from the director of product management, attracting thousands of eyeballs for her hashtag ‘sleep where you work’ post.
In May 2020, prior to Musk’s takeover, Twitter told employees they could work from home “forever” if they wished too.
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