Biden Admin framing new rules to stop US investments in Chinese tech firms

The US administration plans to introduce new rules to prevent US investors from funding Chinese companies. The move is aimed at prohibiting the flow of money to certain Chinese sectors, according to a report by Mint. The decision is seen as an attempt to protect American technological prowess as the rivalry between the two countries escalates.

People aware of the developments have said that the programme will likely cover private equity and venture capital investments in advanced semiconductors, quantum computing, and some specific fields of artificial intelligence, the report said.

The programme aims to stop American investors from facilitating funding and expertise to Chinese companies that could help improve the speed and accuracy of Beijing’s military decisions.