Wayne Shiong News Today : Breaking News, Live Updates & Top Stories | Vimarsana

President Joe Biden issued an executive order on Wednesday that restricts American investment in Chinese companies.

US private equity and venture capital investors have already hit the brakes on sensitive technologies in China as relations have worsened since the administration of Biden's predecessor, Donald Trump, over issues from tech to China's industrial policies to national security.

HONG KONG/WASHINGTON (Reuters) -President Joe Biden's move to prohibit some U.S. technology investments in China is expected to keep investors on the sidelines, concerned that tougher measures are ahead as tensions simmer between the world's two biggest economies. U.S. private equity and venture capital investors have already hit the brakes on sensitive technologies in China as relations have worsened since the administration of Biden's predecessor, Donald Trump, over issues from tech to China's industrial policies to national security. Aiming to keep U.S. capital and exper...

Hua Hong Semiconductor: Aiming to keep U.S. capital and expertise from helping China's military modernisation and harming U.S. national security, Biden's executive order on Wednesday was limited, for example by applying only to new investments.

China's tech sector has a new obsession: competing with U.S. titans like Google and Microsoft Corp. in the breakneck global artificial intelligence race.