Latest news with #UnitedStatesDepartmentof
The Star
04-07-2025
- Business
- The Star
Key chip firms say US export ban lifted
Semiconductor chips are seen on a circuit board of a computer in this illustration picture. [Photo/Agencies] THREE key chip companies said on Thursday that the US had lifted export restrictions on chip design software for China and that they have resumed or are in the process of resuming sales and support to Chinese customers. Siemens AG said in a statement that it has been informed by the United States Department of Commerce's Bureau of Industry and Security that export control restrictions on electronic design automation, or EDA, software and technology to Chinese customers have been lifted. The restrictions, outlined in a letter sent by the US government to the German tech giant on May 23, are no longer in effect, the company said in a statement. As a result, "We have resumed sales and support to Chinese customers," Siemens said. US-based firms Synopsys and Cadence Design Systems also said in separate statements that the US had lifted export restrictions on EDA for China, and that they were working to restore access to the recently restricted products in China. Dubbed the cradle of integrated circuits, EDA software enables the design of billions of transistors on modern chips. It is essential for designing, verifying and testing integrated circuits, forming the backbone of modern chip creation. Xiang Ligang, director-general of the Zhongguancun Modern Information Consumer Application Industry Technology Alliance, a telecom industry association, said the move showed that Washington wants to ease trade frictions with Beijing. "Previous US restrictions have ironically catalysed China's progress in chips. The US government knows that the two nations are highly complementary to each other in the semiconductor sector," Xiang said. As the world's largest semiconductor market, China is of great appeal to international companies, he added. Meanwhile, Chinese chip design software companies are also making progress. Empyrean Technology Co, a chip unit of China Electronics Corp, is also a major Chinese player in the development of EDA tools. It has also gradually emerged over the years as a leading enterprise with a complete product line and strong, comprehensive technical strength in EDA for the entire semiconductor industry chain. Shanghai UniVista Industrial Software Group is also a key player. UniVista said it already has over 200 clients — including most major Chinese high-end chip designers — and its tools have undergone rigorous refinement through real-world applications, backed by what it describes as a "highly capable" technical support team. On Thursday, the Ministry of Commerce said China will take countermeasures to safeguard its interests and firmly opposes any attempt to reach a trade deal that harms the nation's well-being. He Yongqian, a spokeswoman for the ministry, made the remarks at a news conference, responding to questions about a new trade deal the United States reached with Vietnam. Under the trade agreement between the US and Vietnam, the US will impose a 20 percent tariff on Vietnamese exports to the US, and a 40 percent tariff on goods transshipped through Vietnam. The ministry said that China has taken note of the trade deal and is conducting an assessment. "China is pleased to see any parties resolve their trade differences with the US through equal consultations, but China firmly opposes any attempt to reach a deal at the expense of China's interests," said He. - China Daily/ANN
Yomiuri Shimbun
10-05-2025
- Business
- Yomiuri Shimbun
US Opens National Security Probe into Imported Commercial Jets, Engines
Reuters file photo United States Department of Commerce logo and U.S. flag are seen in this illustration taken April 23, 2025. WASHINGTON, May 9 (Reuters) – The U.S. Commerce Department said on Friday it has opened a national security investigation into the import of commercial aircraft, jet engines and parts. The 'Section 232' investigation, which was opened on May 1 but not publicly disclosed previously, could be used as a basis of even higher tariffs on imported planes, engines and parts. Several airlines said they were unaware of the probe before it was disclosed late on Friday. Airlines and manufacturers have been lobbying President Donald Trump to restore the tariff-free regime under the 1979 Civil Aircraft Agreement, under which the U.S. sector enjoyed a $75 billion annual trade surplus. Most imported airplanes and components from around the world now face 10% tariffs. A deal in principle struck with the United Kingdom on Thursday will allow British-made Rolls-Royce RR.L engines to enter the U.S. duty-free, Commerce Secretary Howard Lutnick said. The commerce department said on Friday it wants public comment within three weeks on a series of questions including on 'the impact of foreign government subsidies and predatory trade practices on the competitiveness of the commercial aircraft and jet engine industry.' Aerospace Industries Association CEO Eric Fanning said in response the group will engage with the department 'to identify opportunities to strengthen our domestic supply chain while also maintaining the trade framework that has enabled our global leadership in aerospace.' Airline executives have raised the possibility of returning leased planes and deferring aircraft deliveries. Delta Air Lines DAL.N is also unwilling to pay tariffs on aircraft deliveries. U.S. assembled planes are not immune, as aircraft makers must pay levies on imported parts. Boeing BA.N is paying 10% duty on supplies from Italy and Japan. United Airlines UAL.O CEO Scott Kirby said last month that Airbus has had to pay tariffs on planes it is building in Alabama. Airbus and Boeing did not immediately comment on Friday. Aerospace industry officials say their situation differs from other industries, as their sector exports more than $135 billion of products annually. GE Aerospace CEO Larry Culp told Reuters in April he met with Trump and explained to him how the industry's decades-old duty-free status helped it produce the highest trade balance of any sector. The company said on Friday it 'will continue to work with the administration on efforts to preserve America's global leadership in aerospace.' Last month, the department opened a similar probe into the national security impact of imports of medium-duty and heavy-duty trucks and related parts.
Syyaha
04-03-2025
- Business
- Syyaha
Seclore Expands in Saudi Arabia Offering Support for Vision 2030 with Secure 2030 Initiative
Seclore, the leading provider of data-centric security solutions, announced the opening of its Saudi headquarters in Riyadh, Saudi Arabia as part of its commitment to meeting the growing demands of the digital transformation and security efforts taking place in the Saudi region. As part of this expansion, Seclore is introducing its Secure 2030 initiative, designed to empower Saudi enterprises, government agencies, and critical infrastructure sectors with advanced data protection, secure collaboration, and regulatory compliance solutions. Along with Justin Endres, Chief Revenue Officer at Seclore, Andrew Billard, Senior Commercial Officer at United States Department of Commerce, Mohammed Al Badrani, Chief Digital Officer at Paramount Group (SPCS), and dignitaries from Seclore were present at the opening in Riyadh. Saudi Arabia is rapidly advancing its AI, cloud computing, and smart city initiatives under Vision 2030, making data sovereignty and cybersecurity a national priority. Seclore's Secure 2030 initiative will help organizations embrace digital transformation while ensuring complete control over their sensitive data—no matter where it travels. 'Saudi Arabia is at the forefront of digital innovation, and cybersecurity must be the foundation for this transformation. Seclore's expansion within the Kingdom of Saudi Arabia is marked by deep investments to support the region's data security needs. Our new office is a testament to this ongoing investment, reinforcing our dedication to KSA's vision and ensuring even closer alignment with our customers and partners,' said Justin Endres, CRO at Seclore. 'With Secure 2030, we are empowering Saudi enterprises and government entities to drive innovation without compromising security, compliance, or sovereignty.' Seclore's Secure 2030: Safeguarding Saudi Arabia's Digital Future Seclore's Secure 2030 initiative is designed to support Saudi organizations in three key areas: Persistent Data-Centric Protection: Ensuring sensitive files remain protected throughout their lifecycle, even after being shared outside of the organization Secure Third-Party Collaboration: Enabling organizations to safely share information with partners, vendors, and remote teams while maintaining data sovereignty and security controls. Compliance with National Cybersecurity Regulations: Helping enterprises align with Saudi Arabia's Personal Data Protection Law (PDPL) and National Cybersecurity Authority (NCA) guidelines setting strict mandates for data governance, and international compliance frameworks such as GDPR, CCPA, NIST). Seclore's data security solutions are already trusted by government agencies, Fortune 500 enterprises, and leading financial institutions worldwide. With the launch of its Saudi operations, the company aims to accelerate cybersecurity adoption across industries including finance, healthcare, energy, and public sector organizations. Strengthening Partnerships and Supporting KSA's Vision Seclore is actively collaborating with Saudi government agencies, cybersecurity regulators, and key industry players to drive national data security initiatives. The company is also committed to investing in local talent and technology innovation to support the Kingdom's growing cybersecurity sector. Seclore recently signed agreements with the following Saudi-based organizations: Saudi Paramount Computer Systems, Cipher Saudi, NTT Data, Versos, and Tamkeen Intelligent. 'The opening of our Saudi headquarters and accelerated growth in the region marks a significant step in Seclore's commitment to Saudi Arabia's digital transformation. As data security becomes a cornerstone of Vision 2030, we are here to help enterprises and government entities protect their most critical information while enabling seamless and secure collaboration,' said Parag Shah, Global CFO and General Manager, Seclore Saudi Arabia. Learn more about how Seclore protects data on our Arabic language website here.
