US further restricts chip exports - New rules aim to hinder China's development of the sector
The US government announced that it will further restrict exports of chips and artificial intelligence technology, to maintain "power" in the United States and among its allies.
The new regulations will limit the number of chips that can be exported to most countries and allow unrestricted access to American technology for closest allies, blocking exports to China, Russia, Iran and North Korea.
The new rules cap a four-year effort by the Biden administration to block China's access to advanced chips that could boost its military capabilities, and they aim to maintain U.S. leadership in the sector by controlling global technology development.
While it is unclear how the incoming administration of President-elect Donald Trump will implement the new rules, both governments share similar views on the competitive threat from Beijing. The regulation is set to take effect 120 days from publication, giving the Trump administration time to make changes.
New restrictions will be placed on advanced graphics processing units (GPUs), which are used to power data centers that train artificial intelligence models. Major cloud service providers such as Microsoft, Google and Amazon will be able to seek global authorizations to build data centers.
Until now, the Biden administration had imposed comprehensive restrictions on China's access to advanced chips and the equipment to produce them, updating the controls every year to include countries that could send these technologies to Beijing.
Poll
What does Albania trade abroad? Exports were dominated by fuels and clothing, but with a significant decline
Albania's foreign trade for 2024 has marked interesting developments with changes in the values of exported and imported goods compared to the same period......
Greece, Mitsotakis proposes new president - Voting for Konstantinos Tassoulas expected to be held on January 25
Greek Prime Minister Kyriakos Mitsotakis has selected Parliament Speaker Konstantinos Tassoulas from his center-right New Democracy party for the Greek......
What will happen to fuel, alcohol and tobacco? - The project foresees an increase in excise duty. Exemptions are removed
The Ministry of Finance will conduct a detailed analysis regarding the minimum excise duty levels for each category of product imported or produced in the......
"Lower the price ceiling for Russian oil" - 6 EU countries call for stronger sanctions against the Kremlin
Six European Union countries asked the European Commission to lower the $60 per barrel price cap set for Russian oil by the G7 countries. The price caps on......
Albania and Italy, with underwater energy connection - Trilateral agreement with the United Arab Emirates. Cost, about 1 billion euros
Albania, the United Arab Emirates and Italy join in a strategic alliance for renewable energy. An investment agreement was signed in Abu Dhabi for the......
Underwater energy connection between Albania and Italy - Today, the trilateral agreement also with the United Arab Emirates
Today, the signing of the agreement between Albania, Italy and the United Arab Emirates is expected for the construction of an underwater electricity......
“Increased flights hinder climate targets” - According to the report, fuel use will increase by 60% by 2050
The number of air passengers is forecast to double by 2050, driving up demand for fuel and hampering the aviation industry's steps to reduce emissions, a......
How much are the major currencies being exchanged today?
The US dollar is being bought today at 94.8 lek and sold at 96 lek, losing points again like yesterday. The European currency was bought today at 97.8 lek......
