Biden may limit U. S. investment in China-NYT
2023.02.09 13:11
Biden may limit U. S. investment in China-NYT
By Kristina Sobol
Budrigannews.com – The New York Times reported on Thursday that the Biden administration is planning to impose new restrictions on American companies that fund the development of cutting-edge computing technologies in China.
In an effort to halt Beijing’s technological and military advancements, the United States of America released a comprehensive set of export controls the previous year. Among these controls was one that prohibited certain semiconductor chips manufactured anywhere in the world using equipment manufactured in the United States.
The newspaper, citing people familiar with the discussions, stated that it has also been working on curbs on investments by U.S. companies for months. The measures are now largely complete and could be implemented within two months.
In addition, it stated that the Treasury Department had attempted to prevent China from receiving similar financing after the United States stopped providing it by contacting European Union governments and other governments.
The subtleties of the forthcoming leader request stay muddled, the report said, however is supposed to expect organizations to report more data to the public authority about their arranged interests in certain ill-disposed nations.
According to the NYT, which cited a number of people who are familiar with the plans, the order would probably prohibit outright investments in some sensitive areas, such as quantum computing, advanced semiconductors, and certain artificial intelligence capabilities with military or surveillance applications.
