The Biden administration is planning to ban investments in some Chinese companies that are involved in the technology sector through an executive order on Wednesday, according to The Wall Street Journal.
The U.S. will restrict private-equity and venture capital firms from directly investing in some Chinese companies that operate in the semiconductor, quantum computing and artificial intelligence sectors, according to the WSJ. In October 2022, the Biden administration placed similar restrictions limiting Chinese access to American chip technology by blacklisting multiple Chinese semiconductor manufacturers from working with American companies.
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