Biden plans to curb investment by U.S. firms in Chinese tech – NYT
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Reuters
Reuters
(Reuters) – The Biden administration is poised to introduce new restrictions on U.S. companies funding the development of advanced computing technologies in China, the New York Times reported on Thursday. The U.S. last year published a sweeping set of export controls, including a measure to cut China off from certain semiconductor chips made anywhere in the World with U.S. equipment, in its bid to slow Beijing’s technological and military advances. It has also been working on curbs to investments by U.S. firms for months and the measures are now largely complete and could be issued within two …