U.S. investments in foreign chip firms a potential concern, White House says

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Reuters

By Alexandra Alper WASHINGTON (Reuters) -U.S. investment in foreign chip companies is a potential concern for the Biden administration, a White House official said on Wednesday, but stressed that it has not yet made a final decision on a potential mechanism regulating U.S. investments in China. Speaking at an Atlantic Council event on Wednesday, National Security Council official Peter Harrell heralded the administration’s efforts to kick-start U.S. chipmaking with $52 billion in subsidies through a recent law and its export control policies, which have sought to curb shipments of specialized …

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