Latest news with #exportcontrols
TechCrunch
17 hours ago
- Business
- TechCrunch
US imposes new rules to curb semiconductor design software sales to China
It appears the Trump administration has imposed new export controls on chip design software as it seeks to further undermine China's ability to make and use advanced AI chips. Siemens EDA, Cadence Design Systems and Synopsys all confirmed that they have received notices from the U.S. Commerce Department about new export controls on electronic automation design (EDA) software to China. EDA tools are primarily used to aid with the design and validation of semiconductor manufacturing, testing, and for monitoring performance and quality. They are used by chip foundries, chipmakers, networking hardware companies, the automotive industry, and many more. Siemens EDA, a division of German tech conglomerate Siemens, told TechCrunch that it has received a notice from the Commerce Department's Bureau of Industry and Security (BIS) last week about new export controls on EDA software to China and Chinese military end users. 'Siemens has supported customers in China for more than 150 years and will continue to work with our customers globally to mitigate the impact of these new restrictions while operating in compliance with applicable national export control regimes,' the company said. U.S.-based Synopsys, which also makes EDA software, said on Thursday that it had also received a similar letter from the BIS. The company also suspended its forecast for the third quarter and full-year 2025. Cadence also received a notice from the BIS saying a license is now required for 'the export, re-export or in-country transfer of electronic design automation software' to customers in China. Techcrunch event Save now through June 4 for TechCrunch Sessions: AI Save $300 on your ticket to TC Sessions: AI—and get 50% off a second. Hear from leaders at OpenAI, Anthropic, Khosla Ventures, and more during a full day of expert insights, hands-on workshops, and high-impact networking. These low-rate deals disappear when the doors open on June 5. Exhibit at TechCrunch Sessions: AI Secure your spot at TC Sessions: AI and show 1,200+ decision-makers what you've built — without the big spend. Available through May 9 or while tables last. Berkeley, CA | REGISTER NOW The news was first reported by The Financial Times. The new export rules come as the U.S. ramps up its efforts to hinder Chinese companies as the battle for AI supremacy heats up. But these export controls are increasingly hurting the U.S. chip industry, which has long enjoyed significant market share in China. Nvidia alone has incurred billions in losses due to restrictions on sales of its H20 and Hopper AI chips to Chinese customers. The company, along with rival AMD, is even said to be working on selling lower-powered versions of its AI chips to Chinese customers. The U.S. Commerce Department did not immediately return a request for comment outside regular business hours.
Malay Mail
17 hours ago
- Automotive
- Malay Mail
China defends export controls on rare earths but signals flexibility as supply crunch hits automakers, chipmakers
BEIJING, May 30 — China said it would cooperate further with other countries over its rare earth export controls as shortages put auto and semiconductor makers in Europe and India at risk of closure. China, which controls over 90 per cent of global processing capacity for the rare earth magnets used in everything from automobiles and fighter jets to home appliances, imposed restrictions in early April requiring exporters to obtain licences from Beijing. While a handful of licences have been granted, including to some Volkswagen suppliers, Indian automakers say they have received none and will have to stop production in early June. 'We stand ready to strengthen dialogue and cooperation in the field of export control with relevant countries and regions and stay committed to maintaining the stability of global production and supply chains,' foreign ministry spokesperson Lin Jian said on Friday when asked about the controls. Chinese state media reported on Wednesday that the country could relax its curbs on rare earths exports for Chinese and European semiconductor firms after meetings between industry and the Ministry of Commerce where the issue of shortages was raised. The New York Times reported earlier this week that the United States suspended some sales of critical technologies to China, including parts for state-owned plane maker COMAC, in response to China's restriction on exports of critical minerals. — Reuters
Free Malaysia Today
18 hours ago
- Business
- Free Malaysia Today
China signals softer stance on rare earth export curbs
China, which controls 90% of global processing capacity for rare earth magnets, has imposed restrictions requiring exporters to obtain licences from Beijing. (EPA Images pic) BEIJING : China said it would cooperate further with other countries over its rare earth export controls as shortages put auto and semiconductor makers in Europe and India at risk of closure. China, which controls over 90% of global processing capacity for the rare earth magnets used in everything from automobiles and fighter jets to home appliances, imposed restrictions in early April requiring exporters to obtain licences from Beijing. While a handful of licences have been granted, including to some Volkswagen suppliers, Indian automakers say they have received none and will have to stop production in early June. 'We stand ready to strengthen dialogue and cooperation in the field of export control with relevant countries and regions and stay committed to maintaining the stability of global production and supply chains,' foreign ministry spokesman Lin Jian said today when asked about the controls. Chinese state media reported on Wednesday that the country could relax its curbs on rare earths exports for Chinese and European semiconductor firms after meetings between industry and the commerce ministry where the issue of shortages was raised. The New York Times reported earlier this week that the US suspended some sales of critical technologies to China, including parts for state-owned plane maker COMAC, in response to China's restriction on exports of critical minerals.
Reuters
19 hours ago
- Business
- Reuters
China signals softer stance on rare earth export curbs
BEIJING, May 30 (Reuters) - China said it would cooperate further with other countries over its rare earth export controls as shortages put auto and semiconductor makers in Europe and India at risk of closure. China, which controls over 90% of global processing capacity for the rare earth magnets used in everything from automobiles and fighter jets to home appliances, imposed restrictions in early April requiring exporters to obtain licences from Beijing. While a handful of licences have been granted, including to some Volkswagen suppliers, Indian automakers say they have received none and will have to stop production in early June. "We stand ready to strengthen dialogue and cooperation in the field of export control with relevant countries and regions and stay committed to maintaining the stability of global production and supply chains," foreign ministry spokesperson Lin Jian said on Friday when asked about the controls. Chinese state media reported on Wednesday that the country could relax its curbs on rare earths exports for Chinese and European semiconductor firms after meetings between industry and the Ministry of Commerce where the issue of shortages was raised. The New York Times reported earlier this week that the United States suspended some sales of critical technologies to China, including parts for state-owned plane maker COMAC, in response to China's restriction on exports of critical minerals.
Bloomberg
2 days ago
- Automotive
- Bloomberg
China Magnet Curbs Threaten India Auto Output, Bajaj Warns
India's vehicle production will take a hit as early as July if China doesn't resume shipments of rare earth magnets, Bajaj Auto Ltd. Executive Director Rakesh Sharma warned, highlighting the mounting risk to the industry from Beijing's export curbs. Bajaj Auto is India's largest electric two-wheeler maker and uses neodymium-based rare earth magnets in its electric motors. India is heavily reliant on imports from China, the world's dominant supplier, but the Chinese introduced tighter controls on exports of those critical components in April.
