US prepares new rules on investment in technology abroad: WSJ

  • 📰 STForeignDesk
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 71%

Business News News

Business Business Latest News,Business Business Headlines

The new rules would largely deal with US investments in China. Read more at straitstimes.com.

WASHINGTON - The Treasury Department is preparing a new programme that could prohibit US investment in certain sectors of adversarial nations, the Wall Street Journal reported on Friday, citing copies of reports provided to lawmakers on Capitol Hill viewed by the newspaper.

The Biden administration’s work on the new rules would in practice largely deal with US investments in China though the report given to lawmakers did not identify any countries, the WSJ said. The new rules are expected to cover private-equity and venture-capital investments in advanced semiconductors, supercomputing and some forms of artificial intelligence, the WSJ reported quoting people familiar with the matter as saying.

The Treasury and Commerce departments expected to finalize their policy in the near future, it added.outright ban on investments in some Chinese technology companiesThe United States passed a sweeping set of regulations last year that aimed at hobbling China’s semiconductor industry. REUTERS

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Twitter's revenue, adjusted earnings drop about 40% in December - WSJTwitter Inc reported a drop of about 40 per cent year-over-year in both revenue and adjusted earnings for the month of December, the Wall Street Journal reported on Friday citing people familiar with the matter.The report comes after several advertisers slashed their spending on the social-media platform
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »