Author: Karen Freifeld
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Exclusive-US tackles loopholes in curbs on AI chip exports to China – official
The U.S. will take steps to prevent American chipmakers from selling semiconductors to China that circumvent government restrictions, a U.S. official said, as part of the Biden administration’s upcoming actions to block more AI chip exports. The new rules, details of which Reuters is reporting for the first time, will be added to sweeping U.S.…
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Biden order curbing investment to China expected next week-sources
By Karen Freifeld (Reuters) -President Joe Biden is expected to issue his long-awaited executive order to screen outbound investments in sensitive technologies to China early next week, according to people familiar with the matter. A White House spokesman declined to comment. The goal of the order is to prevent U.S. capital and expertise…
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US seeks to curb investment in Chinese chips, AI and quantum computing
By Karen Freifeld WASHINGTON (Reuters) – New rules under consideration would restrict the flow of U.S. investments and know-how into Chinese companies working on advanced semiconductors, artificial intelligence and quantum computing, a U.S. Treasury official said on Wednesday. Speaking before a Senate Banking Committee hearing, Paul Rosen, who oversees investment security at Treasury, said officials…
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Exclusive-After Micron ban, Chinese chip firm CXMT should go on U.S. trade blacklist, top lawmaker says
By Stephen Nellis and Karen Freifeld WASHINGTON (Reuters) -The U.S. Commerce Department should add Chinese memory chip maker Changxin Memory Technologies (CXMT) to a trade blacklist after Beijing earlier this week banned the sale of some chips by U.S.-based Micron Technology Inc, the chair of the U.S. House of Representatives’ committee on China said on…
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N.Y. grand jury probing Trump to break for most of April
NEW YORK • The New York grand jury probing former President Donald Trump’s alleged role in a hush-money payment to a porn star is not expected to reconvene on the matter for most of April as it takes a pre-scheduled break, media reported Wednesday, citing sources. The grand jury has been hearing evidence from the…
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Manhattan DA postpones Trump grand jury session
NEW YORK • Former President Donald Trump appeared unlikely to face criminal charges Wednesday after a law enforcement source said a grand jury investigating alleged illegal hush-money payments to porn star Stormy Daniels would not meet again before Thursday. The grand jury, a panel of U.S. citizens residing in Manhattan, has been considering evidence in…
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House panel to hold hearing on policy toward China
WASHINGTON (Reuters) – The House Foreign Affairs Committee will hold a hearing next Tuesday with top officials on China policy to identify gaps in pursuing what it called a “more holistic approach” to countering aggression by the Chinese Communist Party. The hearing, announced by the panel’s chair, Representative Michael McCaul, a Republican, is called, “Combating…
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Biden plans to bar some U.S. investments in China, track others-sources
By Karen Freifeld and Alexandra Alper WASHINGTON (Reuters) – The Biden administration plans to outright ban investments in some Chinese technology companies and to increase scrutiny of others, three sources said, part of its plan to crackdown on the billions American firms have poured into sensitive Chinese sectors. The ban is expected to apply to…
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Trump and children are sued by N.Y. AG for fraud
NEW YORK • Donald Trump, his family business, and three of his adult children were sued Wednesday by New York’s attorney general, who accused them of overvaluing the former president’s assets and net worth through a decade of lies to banks and insurers. Attorney General Letitia James filed her civil lawsuit in a New York…
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Judge asks Trump’s lawyers if he declassified records in FBI search
NEW YORK • The U.S. judge named to review documents seized by the FBI last month at Donald Trump’s Florida home pressed Trump’s lawyers on Tuesday to say whether they plan to assert that the records had been declassified by the former president, as he has claimed. Judge Raymond Dearie — serving as an independent…