Sources detail how Commerce Secretary Howard Lutnick and crypto adviser Bo Hines worked to shape the GENIUS Act and loosen safeguards to benefit Tether
It was billed as cryptocurrency's big moment, President Donald Trump's first legislative victory in his drive to make the US the “crypto capital of the world.”
Sources: the US weighs housing the Strategic Bitcoin Reserve at the Commerce Department amid concerns over the Treasury Department's legal ability to manage it
Sources: the US considers housing the Strategic Bitcoin Reserve at Commerce instead of Treasury amid concerns over Treasury's legal authority to manage it
ASML says claims that one of its EUV lithography systems has ended up in China are inaccurate, after a report on Howard Lutnick's questions to ASML's leadership
ASML denies it has ever shipped an EUV scanner to China. … It follows a report that Commerce Secretary Howard Lutnick …
Sources: Commerce Secretary Howard Lutnick questioned ASML leaders on concerns China acquired one of its EUV machines, violating US-led export restrictions
Dutch chip-equipment giant ASML Holding NV is contending with its biggest challenge yet under the Trump administration …
Sources: Trump officials discussed how to structure government equity stakes in AI companies, with Commerce Secretary Lutnick preferring a sovereign wealth fund
Senior Trump administration officials had weighed how to structure potential government equity stakes in major AI companies …
US Commerce Secretary Howard Lutnick says Nvidia has yet to sell H200 chips to Chinese companies and that the Chinese government has not approved such purchases
Nvidia's (NVDA.O) powerful H200 AI chips have not yet been sold to Chinese companies, Commerce Department Secretary Howard Lutnick …
Microsoft says the US now lets it ship the latest Nvidia chips to the UAE, the first company to get a license; Trump made a deal with UAE President MBZ in May
Commerce department approval paves way for huge new investment in AI and cloud infrastructure in Middle East
Sources: delays in the deal to send Nvidia's AI chips to the UAE, announced in May, are frustrating Jensen Huang and administration officials like David Sacks
White House said to be pressing nation to finalize U.S. investments before chip deliveries are authorized Aiko Gao Ishida / Tech in Asia : Trump's UAE chip deal delays frustrate Nvidia, US officials S...
US Commerce Secretary Howard Lutnick says the US aims to get “maybe 50% market share” of chip and wafer production to offset Beijing's threats to invade Taiwan
Washington is demanding Taiwan move investment and chip production to the US so half of American demand is manufactured locally …