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US Halts Investment in Advanced Technologies in Certain Countries

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According to the Wall Street Journal, the administration of US President Joe Biden is preparing new rules that could limit investment in advanced technologies abroad.

According to the newspaper, the Treasury and Commerce Departments said they were studying a new system to regulate US investment in advanced foreign technology that could pose a threat to national security. As a sign that the White House may ban certain investments.

The new program is expected to include investments in advanced semiconductors, computers and some form of artificial intelligence, according to the sources.

The reports the paper relied on did not indicate which countries would be affected by the new rules, but sources said they would likely affect US investment in China first.

Source: News

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