Tech Brief (Sept. 30): U.S. Widens Export Blacklist
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U.S. widens export blacklist to cover controlled subsidiaries
The U.S. government is tightening its export controls, extending restrictions on blacklisted companies to any subsidiaries in which they hold a majority stake. Any company that is 50% or more owned by one or more of the entities on the U.S.’ “Entity List” will be subject to the same export restrictions, according to a new rule issued on Sept. 29 by the U.S. Department of Commerce’s Bureau of Industry and Security (BIS).
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- The U.S. expanded export controls to cover subsidiaries 50% or more owned by blacklisted entities as of September 29.
- Huawei appointed Yu Chengdong to lead its product investment review board and spearhead global AI ambitions.
- iFlytek redirected $337 million to domestic AI computing, and NavInfo plans to invest $35 million in smart driving startup PhiGent Robotics.
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Who’s Who
- Huawei
- On September 29, Huawei appointed Yu Chengdong as the director of its product investment review board. His core mission is to lead the company to global leadership in the AI field. He is seen internally as the key leader to win the critical battle for AI.
- iFlytek Co. Ltd.
- iFlytek Co. Ltd., referred to as a Chinese AI giant, is reallocating $337 million from a planned fundraiser to rent domestic AI computing power. This move signifies a strategic shift, deepening its reliance on homegrown technology amidst U.S. sanctions.
- Tencent
- Tencent backs NavInfo Co. Ltd., a mapper that plans to invest $35 million in PhiGent Robotics Ltd., an autonomous driving startup. This move aims to revitalize NavInfo's auto software division.
- NavInfo Co. Ltd.
- NavInfo Co. Ltd., a Tencent-backed mapper, plans to invest $35 million in autonomous driving startup PhiGent Robotics Ltd. This move aims to stimulate growth within NavInfo's automotive software division, which has been underperforming.
- PhiGent Robotics Ltd.
- Tencent-backed NavInfo Co. Ltd. plans to invest $35 million in PhiGent Robotics Ltd., an autonomous driving startup. This investment aims to revitalize NavInfo's auto software division.
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