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commerce department


The United States government has imposed restrictions on exports to China’s biggest silicon chip maker after concluding there is an “unacceptable risk” that equipment supplied to it could be used for military purposes. Suppliers of certain equipment to Semiconductor Manufacturing International Corporation (SMIC) will now have to apply for individual export licenses, according to a …

WASHINGTON—The U.S. economy shrank at a 4.8% pace in the first quarter as the coronavirus spread, the steepest contraction since the last recession. The steep drop in first quarter U.S. gross domestic product, the broadest measure of goods and services produced across the economy, indicated the economy is sliding toward a near-certain recession and signaled …

The Commerce Department announced Monday that it is tightening export controls on technology that could have military uses, citing countries like China and Russia. “It is important to consider the ramifications of doing business with countries that have histories of diverting goods purchased from U.S. companies for military applications,” Commerce Secretary Wilbur RossWilbur Louis RossTrump …

WASHINGTON: The US intends to finish overhauling regulations on remote sensing satellites by the end of October, says Commerce Department head Wilbur Ross. The US Intelligence Community and DoD are keen to find ways to leverage the rapidly growing commercial remote sensing industry and its advanced technologies such as rapid revisits of targets and additive …