The US will limit investments in high-tech sectors of competitors

The US Treasury Department is working to create restrictions on investment in high-tech sectors of the economy of competing countries. About it reported in The Wall Street Journal, citing a document submitted to lawmakers by the US Department of the Treasury and the US Department of Commerce.

It is noted that the administration of American leader Joe Biden is preparing a series of measures to maintain “technological superiority in the face of growing rivalry with China.” This, as indicated in the publication, is about working on a ban on investments “in foreign high technology”, which can be regarded as posing a threat to US national security, mainly in the field of military development.

Thus, the authorities are considering the possibility of imposing a ban on certain investments and collecting data on other investments to work out further steps. According to the newspaper, restrictive measures may affect investments in the field of semiconductors, quantum computing and artificial intelligence.

On February 16, US President Joe Biden said that the United States did not intend to wage a cold war against China, but would continue to compete with it.

On February 16, US President Joe Biden said that the United States did not intend to wage a cold war against China, but would continue to compete with it.