As global economic and geopolitical environments enter a new era, companies need to continuously develop and adjust their coherent global business strategies to secure and further expand business opportunities in all markets while minimizing political and legal risks by ensuring compliance. To assist you with that task, Mayer Brown’s US-China Trade Monthly provides news and insights related to the latest US developments impacting the US-China bilateral trade relationship. 

In the current issue, we will discuss: (1) key takeaways from the global AI Safety Summit; (2) an update on US critical mineral mining joint ventures; and (3) the US Department of Commerce’s Bureau of Industry and Security’s expansion of export controls on advanced semiconductors and semiconductor manufacturing equipment. 

Key Takeaways from the Global AI Safety Summit

The Global AI Safety Summit took place at Bletchley Park in the United Kingdom on 1 and 2 November 2023. Over one hundred representatives – made up of international politicians, executives from the world’s most prominent AI companies, academics and civil society representatives – gathered to consider the risks of AI and how to mitigate these.

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Joint Ventures in US Mining: Considerations for Critical Mineral Mining Ventures

The continuing growth in the electric vehicle (“EV”) industry and the role of energy storage in the clean energy transition have increased the importance and urgency around securing and developing the United States’ supplies of rare earth and critical minerals that play vital roles in the production of batteries, semiconductors and clean energy technologies.  

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BIS Expands October 2022 Export Controls on Semiconductor Manufacturing

On October 17, 2023, the US Department of Commerce’s Bureau of Industry and Security (BIS) released two interim rules: “Implementation of Additional Export Controls: Certain Advanced Computing Items; Supercomputer and Semiconductor End Use; Updates and Corrections” and “Export Controls on Semiconductor Manufacturing Items.” BIS also published new additions to its Entity List.

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