‘We won’t feel intimidated’: Chinese scientists see limited impact from US hi-tech investment ban

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A US ban on investment in certain sensitive technologies in China will have a limited impact since these areas have become less reliant on American funds in recent years, according to Chinese scientists. President Joe Biden signed an executive order on Wednesday (Aug 9) to

A US ban on investment in certain sensitive technologies in China will have a limited impact since these areas have become less reliant on American funds in recent years, according to Chinese scientists.block US dollars from flowing to Chinese semiconductors and microelectronics

It also claims the countries are exploiting or have the ability to exploit certain US outbound investments, including certain intangible benefits to help companies succeed. The government of US President Joe Biden has announced steps to restrict certain US investments in China. on investments in Chinese electronic design automation software or semiconductor manufacturing equipment; the design, fabrication or packaging of advanced integrated circuits; and the installation or sale of supercomputers.

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New US curbs on tech investments target China, serve notice to American industryChina hawks in Congress think the Biden executive order does not go far enough, but Beijing sees it as confirmation that the US is intent on containing China. Read more at straitstimes.com.
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