Arm would be subject to US trade restrictions after an Nvidia buy - Business Insider

In his letter, Hauser specifically raised the alarm that a purchase by Nvidia would put Arm and its customers under the control of "US OFAC," or the Office of Foreign Assets Control, a branch of the US Treasury Department. Trade experts said he's not wrong.OFAC is one of two agencies through which the US government imposes trade restrictions and export controls, said Larry Ward, a partner at law firm Dorsey & Whitney and a member of its national security law practice group.

The prohibition on the sale of certain technology products to Huawei is being overseen by BIS. Unlike OFAC sanctions, BIS export restrictions don't automatically cover products or technologies developed by the foreign subsidiaries of US companies, Ward said. Instead, there's a calculation done about whether something is a US product or not based on the amount of contribution to it by US individuals or the work that's done on it on US soil, he said.

As a practical matter, though, being subject to OFAC sanctions isn't likely to affect Arm's business very much, other experts said. Those trade restrictions generally are focused on countries that have long been subject to US sanctions and don't do a whole lot of international trade in technology products, such as Cuba or North Korea.

Motley fool article on OpenLearning=ASX$OLL🚀

OpenLearning=ASX$OLL Half year results🚀🚀🚀

Look at the current chart's for OpenLearning=ASX$OLL My opinion is🤔OpenLearning is in the very bullish region now and has broken out into a new higher trend and looks to be going 🚀🚀🚀🚀🚀

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inside Balyasny's training program for hedge fund portfolio managers - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Inside Citi's exec shakeup — Chime's latest round — Buy now, pay later's future - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Inside the real reasons behind Mike Corbat's early retirement - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. They said the same about MLK,slavery,segregation,share cropping ,under paid blacks ,systemic racism but praise white nationalists terrorists who walks the streets with guns.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Inside the life of an Uber driver in NYC during COVID-19 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Nvidia is buying Arm from Softbank in $40 billion deal - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Not unexpected. Nice kevinryan681 !
Source: BusinessInsider - 🏆 729. / 51 Read more »