The turmoil in the US government has caused thousands of export approvals to be blocked
Two sources said that thousands of license applications from US companies to export goods and technology worldwide have been stuck, as the agency responsible for approving these applications has fallen into chaos and is almost paralyzed.
The Export Administration under Secretary Rutenberg failed to issue expected new rules, suppressed communication with industry representatives, drove away experts, and lost employees through buyouts and resignations. For example, according to sources this week, the US Department of Commerce has not issued any licenses yet, and billions of dollars in artificial intelligence chip orders are at risk.
A US official said that the number of backlogged license applications is the longest in over 30 years.
Original: https://www.toutiao.com/article/1839294046593035/
Statement: This article represents the views of the author himself.