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The Latest Breaking News from Gina Raimondo

US gov fires a warning shot at Nvidia: 'We cannot let China get these chips... If you redesign a chip that enables them to do AI, I'm going to control it the very next day'

The chipmaker has been quick to redesign its products to pass the current restrictions, but US Commerce Secretary Gina Raimondo seems to have had enough.

PC Gamer

US Commerce Chief Warns Against China 'Threat'

US Commerce Secretary Gina Raimondo on Saturday urged lawmakers, Silicon Valley and US allies to stop China from getting semiconductors and cutting-edge technologies key to national security.

International Business Times

Fresh off meeting with China's Xi, Biden is turning his attention to Asia-Pacific economies

President Joe Biden will address a group of CEOs grappling with the risks to their businesses from world crises

The Independent UK

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Piyush Goyal visits Tesla's California facility, says US electric car maker to double Indian component imports

Union Minister for Commerce and Industry Piyush Goyal on Monday (local time) visited Tesla's manufacturing facility in California's Fremont and said that the US electric car maker is on its way to double its components imports from India.

Dynamite News

Nvidia higher on reports it will unveil new AI chips for China following US export restrictions

Media reports suggest that next week Nvidia will announce a new suite of AI chips that will bypass restrictions place on China-bound exports.

The Street

The great powers signed up to Sunak’s AI summit – while jostling for position

Even China is part of the UK’s ‘Bletchley declaration’ – but Britain is not the only country ambitious to lead on the issue

The Guardian - UK

AMD earnings on deck with AI ramp, China export restrictions in focus

AMD, which is looking to ramp its new generation of AI chips, will post fiscal first quarter earnings after the close of trading Tuesday.

The Street

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White House meeting: key takeaways from Anthony Albanese’s visit to Washington

The prime minister and Joe Biden’s policy discussions have been driven by questions of dominance in cybersecurity, the net zero transition and the Pacific

The Guardian - AU

Biden names technology hubs for 32 states and Puerto Rico to help the industry and create jobs

The White House says the dozens of U.S. technology hubs President Joe Biden is announcing will help communities across the country become centers of innovation critical to its competitiveness

The Independent UK

China says US moves to limit access to advanced computer chips hurt supply chains, cause huge losses

Beijing has vigorously protested the U.S. Commerce Department's latest update of export controls to prevent exports to China of advanced computer chips and the equipment to make them

The Independent UK

Nvidia tumbles, leading chip stocks lower, on new US-China export restrictions

The U.S. tightened the rules that ban the export of key AI technologies to China, sending chip stocks sharply lower in early trading.

The Street

The Commerce Department updates its policies to stop China from getting advanced computer chips

The Commerce Department has updated and broadened its export controls to stop China from acquiring advanced computer chips and the equipment to manufacture them

The Independent UK

Why Commerce Secretary Gina Raimondo is calling Huawei's new phone 'incredibly disturbing'

U.S. officials are worried that a new cutting-edge chip from Huawei undermines Washington's tech controls on China.

Fortune

Commerce Secretary Gina Raimondo on her working group with China: 'Hopefully the baby steps lead to bigger steps'

At Fortune's CEO Initiative, Raimondo laid out the Biden administration's "small garden, high walls" approach to building its relationship with China.

Fortune

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Reason

Companies Seeking CHIPS Act Subsidies Are Encouraged To Double-Dip

At least a dozen states have beefed up targeted incentives to coincide with handouts from the Commerce Department.

Salon

Joe Biden: Actually good at politics

Author Franklin Foer talks about his full-spectrum portrait of the man who wins because everyone underestimates him

The Guardian - US

Joe Biden calls for stable US-China relationship during south-east Asia tour

US president’s remarks came after after meeting in Vietnam with Communist party official to secure global supply chain

The Independent UK

Biden hails ‘elevated’ relations with Vietnam as countries move forward from ‘bitter past’ of war

Vietnam is elevating relations with the US to the level of a comprehensive strategic partner, Vietnam’s highest tier of international partnership

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The Independent UK

Biden finds a new friend in Vietnam as American CEOs look for alternatives to Chinese factories

President Joe Biden heads to a Vietnam that’s looking to dramatically ramp up trade with the United States

The Independent UK

China uses bizarre memes of US commerce boss to plug new phone

‘No commerce secretary has been tougher than I on China,’ Raimonda says in altered video on Chinese TV

The Independent UK

How Biden wants to use G20 summit to prove US is a better partner than China

President Joe Biden hopes to demonstrate to the world at the upcoming Group of 20 summit in India and during a visit to Vietnam that the United States and like-minded allies can be more trustworthy partners than China on economic and security issues

The Independent UK

Biden aims to use G20 summit and Vietnam visit to highlight US as trustworthy alternative to China

The Street

Apple slide deepens as China expands iPhone ban in new trade-war salvo

China's plan to ban the use of iPhones by government employees could be expanded to include regional agencies and state-backed businesses, Bloomberg reported.

The Guardian - US

Want a more perfect union? Watch the Rugby World Cup

The men’s US Eagles failed to qualify but events in France will still give American rugby fans a chance to come together

Fortune

Use Nvidia's powerful chips as a 'chokepoint' to force adoption of A.I. regulations, DeepMind cofounder Mustafa Suleyman suggests

Nvidia's chips are critical to training A.I. models—giving Washington leverage to push the chipmaker's customers to adopt its rules.

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