Biden to Sign Order Curbing US Tech Investments in China by Mid-August
- Limits to cover deals in China chips, AI, quantum computing
- Rulemaking means order won’t take effect until next year
Joe Biden
Photographer: Ting Shen/BloombergThis article is for subscribers only.
President Joe Biden is planning to sign an executive order to limit critical US technology investments in China by mid-August, according to people familiar with the internal deliberations.
The order focuses on semiconductors, artificial intelligence and quantum computing. It won’t affect any existing investments and will only prohibit certain transactions. Other deals will have to be disclosed to the government.