The U.S. Department of Commerce's Bureau of Industry and Security (BIS) has updated its licensing policy for semiconductor exports to China, transitioning from a 'presumption of denial' to a 'case-by-case review' for advanced AI chips like Nvidia H200 and AMD MI325X. This policy shift allows for exports under specific security conditions, while simultaneously closing a loophole that previously permitted foreign-owned semiconductor fabrication plants in China to export technology without licenses.