
(JW Insights) Mar 1 -- Biden is scaling back a planned executive order to oversee American investments in China to focus largely on increasing transparency of those deals, Politico reported on February 27.
The order may still prohibit U.S. investments in at least one Chinese industry — advanced semiconductors — but will likely not block money from flowing to other parts of China’s high-tech economy. Instead, the order is now expected to largely require U.S. firms to notify federal authorities when doing deals in industries like quantum computing and artificial intelligence, though some other investment prohibitions are being debated.
The White House is now expected to issue the order in late March or early April, though further delays are possible if final details cannot be resolved, said Politico.
Saloni Sharma, a spokesperson for the National Security Council, said that “The premise of this story is false, and its characterization of the planned requirements of an outbound investment program is inaccurate. This administration has from the beginning focused on formulating an approach that addresses national security risks stemming from outbound investments in a way that is implementable and effective – and has a greater impact on the [Chinese government’s] efforts to acquire sensitive capabilities than it has on the competitiveness of American companies.”
(Yuan XY)
RELATED
-
Chinese RISC-V company StarFive gets strategic investment from Baidu
03-24 15:55 -
Reuters: Nvidia modifies its flagship chip to circumvent US chip ban and export it to China
03-23 18:09 -
Yonhap: South Korean chipmakers can still update their existing manufacturing facilities in China under the US Chips Act’s 5% expansion limit
03-23 13:39
READ MOST
-
ijiweiTalk Ep 244: China Cracked Quantum Encryption? END GAME of password!
1.3w03-14 13:56 -
China’s national semiconductor Big Fund injects $1.87 billion into the country’s top memory chipmaker YMTC with a stake in it
920503-02 21:33 -
ijiweiTalk Ep 239: Metaverse's huge business loss, where did the money go?
840302-27 11:16 -
Chinese Vice Premier Liu He calls for leveraging supportive policies and market forces in developing IC industry
794403-03 18:51 -
Self-driving pioneer Mobileye launches a test center in Shanghai’s Jiading
785403-17 17:30