Business
Live TV
Markets
DOW40,467.990.71%
S&P 5005,425.971.41%
NASDAQ16,757.042.16%
Fear & Greed Index
40
US introduces new export curbs on advanced technology, including chip-making tools
By Reuters
2 minute read
Published 6:17 AM EDT, Fri September 6, 2024
An employee at the GlobalFoundries semiconductor manufacturing facility in Malta, New York, pictured in June 2024.
Cindy Schultz/Bloomberg/Getty Images
The United States has announced new export controls on advanced technology, including quantum computers, in line with restrictions imposed by international partners.
Besides quantum computing items, the curbs will affect equipment for producing advanced semiconductors, additive manufacturing items to produce metal components and gate all-around field-effect transistor (GAAFET) technology, according to a Federal Register posting.
“Today’s action ensures our national export controls keep step with rapidly evolving technologies and are more effective when we work in concert with international partners,” Alan Estevez, an official at the Bureau of Industry and Security, said in a statement Thursday.
Several countries, including the United Kingdom, have already imposed similar controls, and others are expected to do so as well.
“The most significant controls are the ones on quantum computers and related technology,” said Washington trade lawyer Kevin Wolf. “They have novel reporting requirements for new foreign national employees working on quantum computer development in the US.”
Related articleUS escalates tech battle by cutting China off from AI chips
Wolf also noted that the GAAFET controls will not apply to the design for the broader integrated circuit, only to the production of the GAAFET architecture. GAAFET is a cutting-edge chip architecture that helps improve chip performance and reduces power consumption.
Celia Merzbacher, executive director of the Quantum Economic Development Consortium, said the United States was trying to strike a balance with the workforce rules, but that they could impact hiring decisions, even if they are only reporting requirements.
The government acknowledges “the importance of expertise in quantum and how short the supply of talent is, and the need to be open to getting the top talent to work at US firms,” Merzbacher said.
But, she said, small companies may decide, “we don’t want to have to figure out this reporting. We will only hire US citizens … and then they’re limiting themselves and we’re not getting the benefit of some talent that could be incredibly useful.”
Related
I’m traveling the world for a year — this is all the ...
Sign in
Live TV Listen Watch
Business
Follow CNN Business
Most stock quote data provided by BATS. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. All times are ET. Factset: FactSet Research Systems Inc. All rights reserved. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Fair value provided by IndexArb.com. Market holidays and trading hours provided by Copp Clark Limited.
Terms of Use Privacy Policy Cookie Settings Ad Choices Accessibility & CC About Newsletters Transcripts© 2024 Cable News Network. A Warner Bros. Discovery Company. All Rights Reserved.
CNN Sans ™ & © 2016 Cable News Network. |
