Bloomberg: US is exploring options to cut investment in Chinese tech companies

Bloomberg, citing informed sources, said the US is exploring options to cut investment in Chinese tech companies.

According to agencyUS President Joe Biden may sign an executive order to that effect in the coming months.

There is also the possibility and guidance to impose separate measures on the Chinese TikTok app, and the US Department of Commerce may impose additional restrictions on chips used for artificial intelligence systems, according to an informed source cited by the agency.

Another source said that limiting investment is part of the country’s broader strategy. He also noted that in parallel, the White House is discussing legislation with Congress that requires companies to disclose information in advance about potential investments in a number of Chinese industries. The possibility of developing a system that would allow the government to directly discourage investment is also being discussed, he said.

The New York Times previously reported that the Biden administration had imposed restrictions on the sale of certain high-tech computer chips to Russia and China.

The US government has said, according to The New York Times, that such products could be used or diverted for military purposes in China or Russia.

Source: RIA Novosti

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