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The US semiconductor industry is under increased scrutiny as lawmakers push for investigations into companies like SMIC and GlobalFoundries for alleged violations of export controls. TSMC continues its investment in US manufacturing, while Intel expresses frustration over delays in funding from the CHIPS Act. The geopolitical implications of these developments are significant.
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The House Select Committee on China has requested information from five major semiconductor equipment firms regarding their sales to China, citing national security concerns. Concurrently, TSMC will halt advanced AI chip supplies to Chinese companies, reflecting tightening US export controls ahead of new regulations.
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Texas Representative Michael McCaul was briefly detained at Dulles International Airport on November 4 after mixing Ambien with alcohol. The chair of the House Foreign Affairs Committee acknowledged his mistake and expressed gratitude towards law enforcement. McCaul was recently re-elected for an 11th term.