Administration is taking aim at AI, semiconductor chips and quantum computing
An executive order from President Joe Biden, shown here with Chinese President Xi Jinping on the sidelines of the G-20 summit in Bali last November, could limit U.S. investment in China.
AFP via Getty Images
President Joe Biden looks set to sign a much-anticipated executive order in the coming weeks that would limit some U.S. investments in certain high-tech sectors in China, in a fresh sign of how Washington is aiming to take a tough stance against Beijing.
The goal of the order would be to address national-security worries posed by U.S. companies’ investments in “countries of concern — in particular China,” said 22V Research analysts led by Kim Wallace, a former Obama Treasury official, in a note on Thursday.
The…
