The Chip Loophole the US Just Slammed Shut—And the Shell-Company Game It Exposes
If you've assumed America's export controls actually keep its best AI chips out of Chinese hands, this story is a reality check: the US may have spent a year quietly allowing the exact thing it banned—just routed through a back door in Malaysia and elsewhere. The Commerce Department is now trying to close that door, and how it plays out tells you a lot about whether tech sanctions are real walls or paper ones.
Bottom Line
This isn't a supply-chain story or a stock story—it's a story about whether export controls can keep pace with how global companies are actually built. The US just admitted, in effect, that its own rules left a year-long gap, and closing it means policing ownership, not just borders—a far messier task.
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