Biden ‘weighing actions to curb US investment in China tech’


Source: straitstimes.com straitstimes.com

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WASHINGTON - The Biden administration is considering moves that will restrict US investments in Chinese technology companies, amid growing tensions between the United States and China, according to people familiar with the matter. The investment curbs taking shape may come as an executive order to be signed by President Joe Biden in the coming months. A separate action against TikTok, the hugely popular video-sharing app, is a possibility, but no action is imminent. The Commerce Department may place further restrictions on chips used for artificial intelligence computing. At the same time, the White House is in discussions with Congress on...