Global Trade & Foreign Policy Insights
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September 30, 2025
|6 min read
The BIS 50 Percent Ownership Rule: A Paradigm Shift
Effective September 29, 2025, many thousands of additional non-U.S. entities around the world are now prohibited from receiving U.S. goods, software, and technology under an “affiliates” interim final rule (the IFR) published by the Bureau of Industry and Security (BIS) at the U.S. Department of Commerce.
January 26, 2023
|4 min read
Semiconductors Trade Update: Macau, IFR Comment Period, and CHIPS Funds
With the ink barely dry on the October 7, 2022 Export Administration Regulations (“EAR”) advanced semiconductors and supercomputing interim final rule (the “Semiconductor IFR”), the U.S. Department of Commerce (“Commerce”) continues to pull multiple levers in a bid to fundamentally change the trajectory of global advanced semiconductors manufacturing in the United States’ (“U.S.”) favor.




