Export

Photo by Pixabay on Pexels.com In a significant move, the White House will delay a decision on whether to approve what would be the US’s largest liquefied natural gas (LNG) export terminal, according to the New York Times. Three sources who spoke to the Times on condition of anonymity said the Biden administration is pausing approval for the controversial Calcasieu Pass 2 (CP2) LNG export terminal in Louisiana so that its impact on climate change, the economy, and national security…

Dutch computer chip equipment maker ASML on Wednesday said it expected new US and Dutch export restrictions to reduce its potential sales to China by some 10-15% this year after they hit record levels in 2023.CFO Roger Dassen also confirmed that two older tools not covered by Dutch licensing requirements would be directly restricted from China by US rules.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB Product ManagementVisitMITMIT Technology Leadership and…

Samsung unveiled the Galaxy S24, Galaxy S24+, and Galaxy S24 Ultra at its Galaxy Unpacked event in the US earlier this week. During the launch event, the South Korean conglomerate announced that the latest Galaxy S24 series will be manufactured at its factory in Noida, Uttar Pradesh for both domestic sales as well as exports. Apple is already selling India-built iPhone 15 models in the country and other parts of the world. Google is also following in the footsteps of Apple to produce some units of its latest Pixel 8…

Sun Yu / Financial Times: Sources: the Cybersecurity Administration of China approved only ~25% of data export applications since data security laws came into effect in September 2022 — Delays come amid slowing economy and increased tensions between Washington and Beijing — China has approved only about a quarter … Sun Yu / Financial Times: Sources: the Cybersecurity Administration of China approved only ~25% of data export applications since data security laws came into…

Besides planning to impose regulations on Chinese DRAM makers, the US pushed the Dutch government to revoke an export license for chip machine maker ASML. It impacts the shipment of certain lithography systems to China, as disclosed by the Netherlands-based company. This move by the Dutch government has prompted China to call for the Netherlands to “respect market principles” and uphold the law, Chinese foreign ministry spokesman Wang Wenbin emphasized the need to protect the common interests of both nations and maintain…

Cutting-edge chip manufacturing machines from Dutch semiconductor giant ASML have been blocked from export to China, according to the firm, amid a report of US pressure in the strategic sector.ASML said in a statement late Monday the Dutch government had recently revoked a licence for shipping an unspecified number of machines "impacting a small number of customers in China." Semiconductors, which power everything from mobile phones to cars, have become a geopolitical battleground, with the West seeking to restrict…

The US was able to convince the Netherlands to impose trade restrictions on Dutch chipmaking companies from dealing with China for the latest generation of lithography machines. However, now, the US wants to block even older technological equipment…

US chipmaker Nvidia on Thursday launched a modified version of an advanced gaming chip designed to comply with US export controls targeting China.The chip, which the company says offers a "quantum leap in performance, efficiency and artificial intelligence-driven graphics", will be available to Chinese customers starting in January, a Nvidia spokesperson told Reuters.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteMITMIT Technology Leadership and InnovationVisitIIM LucknowIIML Executive…

NVIDIA is set to release a specifically for the Chinese market to comply with US export rules, The RTX 4090D already has a product page on the company’s Chinese website and it boasts fewer CUDA cores than its similarly-named cousin. It also features a lower power draw of 425W instead of 450W.Most of the other specs remain the same between the two versions, but the fewer CUDA cores and decreased power draw force a five percent reduction in speed when gaming and using creative applications, Even with the performance dip,…

The government on Thursday announced the extension of export benefits under the RoDTEP scheme for ecommerce exports through post or couriers. The scheme for Remission of Duties and Taxes on Exported Products (RoDTEP) provides for refund of taxes, duties and levies that are incurred by exporters in the process of manufacturing and distribution of goods and are not being reimbursed under any other mechanism at the centre, state, or local level. The commerce ministry's arm DGFT (Directorate General of Foreign Trade) will put…