The US is developing new rules on technology investment abroad – #developing #rules #technology #investment
March 3 (Reuters) – Treasury Department USAis developing a new program that could bar rival nations from investing in certain sectors, the Wall Street Journal reported Friday, citing copies of reports provided to lawmakers on Capitol Hill.
WSJ reported that Biden administration’s work on new rules in practice USAwill be related to its investments in China, although no country was identified in the report to lawmakers.
The WSJ cited people familiar with the matter news The new rules are expected to cover private equity and venture capital investments in advanced semiconductors, supercomputers and some forms of artificial intelligence.
The Treasury and Commerce departments are expected to finalize their policies in the near future.
Reuters reported last month that Biden administration plans to outright ban investment in some Chinese technology companies and tighten controls on others.
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The United States last year passed a series of regulations aimed at boosting China’s semiconductor industry.
Reporting by Jose Joseph and Anirudh Saligrama in Bengaluru; Edited by Himani Sarkar and Simon Cameron-Moore
Our standards: Thomson Reuters Trust Principles.
2023-03-05 12:44:28
Source – reuters
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