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Thousands of export approvals stalled by government turmoil, Reuters reports

Thousands of U.S. export license applications, including for Nvidia (NVDA) chip shipments to China, are stalled due to turmoil at the U.S. Commerce Department, Reuters’ Karen Freifeld and Alexandra Alper report. Sources say the export bureau under Howard Lutnick’s command has failed to issue expected new rules, has stifled communications with industry representatives, pushed out experts, and lost staff through buyouts and resignations.

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