department of commerce

More than a dozen lawmakers called on the Department of Commerce on Thursday to add ByteDance, the Beijing-based parent company of TikTok, to its export control list in order to “address critical vulnerabilities created by the company’s access to U.S. software.” The group, led by Reps. Dan Crenshaw (R-Texas) and Josh Gottheimer (D-N.J.), expressed concerns about the security of U.S. user data on TikTok, as well as the relationship between ByteDance and the Chinese government. “TikTok provides the with…

US computer storage giant Seagate has been fined $300 million for shipping over 7 million hard disk drives to Huawei despite a Commerce Department ban prohibiting exports to the Chinese tech company. The fine marks the largest penalty lodged against a company for doing business with Huawei since it was added to the trade blacklist and comes amid a rapidly escalating tech war between the US and China.A Transformer Is Headed to the MoonThe Commerce Department claims Seagate sent 7.4 million hard disk drives (HDDs) to…

Seagate Technology Holdings PLC has agreed to pay a $300 million penalty in a settlement with US authorities for shipping over $1.1 billion worth of hard disk drives to China's Huawei in violation of US export control laws, the Department of Commerce said on Wednesday. Seagate sold the drives to Huawei between August 2020 and September 2021 despite an August 2020 rule that restricted sales of certain foreign items made with US technology to the company. Huawei was placed on the Entity List, a US trade blacklist, in 2019…

The United States has sent officials to Taiwan to listen to concerns in the chip industry about the criteria for new US semiconductor subsidies, Taiwan Economy Minister Wang Mei-hua said. The criteria are worrying companies like Samsung Electronics Co Ltd and SK Hynix Inc, South Korean President Yoon Suk Yeol said on Thursday, a concern shared by the world's leading contract chipmaker in Taiwan, TSMC. Conditions include sharing excess profit with the US government, and industry sources have said the application process…

The global market for lab grown diamonds (LGD) that the Indian government has decided to focus on is expected to rise to $5 billion by 2025 and exceed $15 billion by 2023 from the $1 billion in 2020.Besides, the jewellery industry, LGD are used in computer chips, satellites and 5G networks as they can be used in extreme environments due to their potential to operate at higher speeds while using less power than silicon-based chips.The LGD has vast application in the field of defence, optics, jewellery, thermal and medical…

Seagate Technology said that the Department of Commerce has warned it may charge the computer hard-drive maker with violating restrictions on exports of high-tech products to China. The company said in an SEC filing that it rejected the allegations. It says its hard disc-drives are not subject to Export Administration regulations, but troubles over the issue could affect its business. "Seagate believes it has complied with all relevant export control laws and regulations," it said.Read Also Seagate said the allegation…