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China's Chipmaker Cambricon Posts First Losses Narrow as AI Demand Booms_腾讯新闻

BEIJING, April 28 (TMTPOST)— Cambricon Technologies Corp., a leading artificial intelligence (AI) chip developer in China, for the first time narrowed quarterly losses since listing in 2020, highlighting the soaring demand for AI.Source: Visual ChinaCambricon cut its net loss to RMB255 million, de...
Tongyi Qianwen Tang Daosheng Biden Administration Smart Industries Group Bureau Of Industry Us Commerce Department
Source: qq.com

BIS Imposes $300 Million Penalty For Violation Of Huawei Foreign Direct Product Rule - Export Controls & Trade & Investment Sanctions

On April 19, the Department of Commerce's Bureau of Industry and Security (BIS) imposed a $300 million civil penalty—the largest standalone administrative penalty in BIS history...
United States John Sonderman Hdds To Huawei Technologies Co Administration Regulations Department Of Commerce Bureau Industry Seagate Technology
Source: mondaq.com

The Voluntary Disclosure Landscape After Microsoft's Settlements with BIS and OFAC and the Issuance of the Axelrod Memorandum | Foley Hoag LLP

On April 6, 2023, Microsoft Corporation (“Microsoft”) agreed to pay $3.3 million to the Department of Commerce’s Bureau of Industry and Security (“BIS”) and the Department of the...
Villa Clara United States Matthew Axelrod Glavgosekspertiza Rossii Administration Regulations Microsoft Rus Llc Ms

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New Carrot, New Stick: Commerce Encourages Voluntary Self-Disclosures and Disclosures on Others for Potential Export Control Violations | Venable LLP

On April 18, 2023, the U.S. Department of Commerce, Bureau of Industry and Security (BIS) issued a policy memorandum clarifying the Office of Export Enforcement’s (OEE) policies...
Matthew Axelrod Administration Regulations Us Department Of Commerce Us Department Of Justice Office Of Export Enforcement Bureau Of Industry

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