On July 15, the United States International Trade Commission voted to initiate a 337 investigation into specific dynamic random access memory (DRAM) equipment and its downstream products and components (Investigation Code: 337-TA-1511). The Commission will determine the end date of the investigation within 45 days after the case is filed. Unless vetoed by the U.S. Trade Representative for policy reasons, the relief orders issued by the Commission in 337 cases take effect from the date of issuance and become final 60 days thereafter. (Source: China Trade Remedy Information Network)
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US Initiates 337 Investigation on DRAM Equipment and Downstream Products and Components (II); Samsung, Google, Nvidia Among Defendants
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Waller: Recent Inflation Data Does Not Fully Reflect Real Pressures; AI Investment Beneficial for Employment in Short Term
On July 15, Federal Reserve Chairman Waller stated during the "Federal Reserve Semiannual Monetary Policy Report" hearing that recent inflation data does not perfectly reflect underlying inflation conditions. He noted that any central bank would be pleased when data moves in the right direction. One-off price changes do not necessarily lead to inflation. Regarding the impact of artificial intelligence, he expressed that in the short term, AI investment is beneficial for employment, and AI will trigger disruptive changes. AI investment could be very favorable for employment as the U.S. is building infrastructure. Waller mentioned that he is seeking access to a range of new AI models, and currently observes that the impact of AI on demand is faster than its impact on supply. -
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