James Rogan is a former U.S. foreign service officer who later worked in finance and law for 30 years. He writes a daily note on finance and the economy, politics, sociology, and criminal justice.
A worker checks the display panel showing a computer chip and the Chinese words for"Independence" at the booth for Chinese supercomputer manufacturer Sugon during the World AI Conference in Shanghai, Wednesday, July 5, 2023.
The new U.S. regulations are good policy. They will principally restrict the export of high end semiconductors designed by Nvidia to satisfy the October 2022 regulations. Nvidia was trying to thread a very narrow needle. The expanded regulations are also necessary because, in June 2023,But while these expanded regulations are necessary, they are not sufficient. The U.S. Bureau of Industry and Security is understaffed. It is the agency responsible for administering export controls.
Top line: the expanded regulations are absolutely necessary. But the long term fortunes of Nvidia, ASML and companies such as AMD will largely be unaffected.James Rogan is a former U.S. foreign service officer who later worked in finance and law for 30 years. He writes DeSantis threatens removal of all AP high school classes in war with College Board
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