Home About

TL;DR CNBC


U.S. export controls need to 'change constantly' even if it's tough for businesses, Secretary Raimondo says - TL;DR CNBC

U.S. export controls need to 'change constantly' even if it's tough for businesses, Secretary Raimondo says

Publishing timestamp: 2023-12-05 01:42:23


Summary

U.S. Commerce Secretary Gina Raimondo says more controls on tech exports to China will be implemented despite business concerns. She emphasizes the need to keep up with technology changes and the growing threat from China. Raimondo is considering controls on advanced AI, biotechnology, and quantum computing. The goal is to slow down China's technological development while still allowing some semiconductor sales.


Sentiment: MIXED

Tickers: NVDA, 

Keywords: markets,  stock markets,  market insider,  nvidia corp,  business news, 

Source: https://www.cnbc.com/2023/12/05/commerce-sec-raimondo-us-export-controls-need-to-change-constantly.html


Developed by Leo Phan