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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessUS Scales Back Curbs On Chinese Made Chips
Reuters has reported that US senators have, "scaled back a proposal that placed new curbs on the use of Chinese-made chips by the U.S. government and its contractors."
- According to Reuters the move comes after pushback from trade groups, including the Chamber of Commerce.
- The proposal, unveiled in September, would have compelled US federal agencies and contractors to stop using semiconductors manufactured by Chinese companies, including SMIC, YMTC, and CXMT.
- Reuters: "The text of a new version of the measure, dated Dec. 1, no longer forbids contractors from "using" the targeted chips and pushes the compliance deadline back to 5 years from the immediate or 2 year implementation deadlines included in the first version."
- The final text of the proposal is expected to be included in the must-pass National Defence Authorisation Act which may be released as soon as today.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.