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US effort to curb China, Russia's access to advanced chips 'inadequate'

Business Standard LogoBusiness Standard11h ago

US effort to curb China, Russia's access to advanced chips 'inadequate' - Business Standard

Quick Summary:

The Commerce Department's efforts to curb China's and Russia's access to American-made advanced computer chips have been inadequate and will need more funding to stymie their ability to manufacture advanced weapons, according to a report published Wednesday by the Senate's Permanent Subcommittee on Investigations.

The Biden administration imposed export controls to limit the ability of China and Russia to access US-made chips after Russia's invasion of Ukraine nearly three years ago.

The agency's Bureau of Industry and Security, according to the report, does not have the resources to enforce export controls and has been too reliant on US chip makers voluntarily complying with the rules.


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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-19 @ 09:07:52 (11 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 699 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 24543495

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About Business Standard

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 292 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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