Joe Biden might not be done with his yearslong effort to limit China’s access to advanced computer chips. According to the Wall Street Journal, the Biden administration is preparing new rules to cap the sale of chips to certain countries in Southeast Asia and the Middle East that may be acting as intermediaries for China.
While Biden has enacted strict export controls limiting the sale of advanced chips and semiconductor manufacturing equipment to China, there is still an underground market for these products thriving in the Middle Kingdom.
It’s unclear which countries would be capped from receiving large quantities of chips, but the US has kept a close eye on Saudi Arabia and the UAE’s own AI ambitions, even as it has struck deals with both countries. The updated rules are expected to come later this month, mere weeks before Biden’s presidency ends.
How will energy shape global power in 2026 and beyond? In GZERO’s 2026 Top Risks livestream, Gerald Butts, Senior Advisor at Eurasia Group, breaks down the growing US-China competition for energy dominance.
US President Donald Trump said Tuesday Venezuela would ship up to 50 billion barrels of crude oil, worth about $3 billion, to the US. Hours later, the US energy secretary said Washington would “indefinitely” control Venezuela’s oil industry, which is currently run by the Venezuelan government.
The UAE and Saudi Arabia were once on the same side in Yemen, but no longer. The split has exposed a larger regional rift between the two oil-rich, Gulf powers.
Walmart’s $350 billion commitment to American manufacturing means two-thirds of the products we buy come straight from our backyard to yours. From New Jersey hot sauce to grills made in Tennessee, Walmart is stocking the shelves with products rooted in local communities. The impact? Over 750,000 American jobs - putting more people to work and keeping communities strong. Learn more here.