iTnews Asia
  • Home
  • News
  • Government

Biden plans to sign order curbing US tech investments in China

Biden plans to sign order curbing US tech investments in China

By mid-August, according to media report.

By Staff Writer on Jul 31, 2023 12:36PM

US President Joe Biden is planning to sign an executive order to limit critical US technology investments in China by mid-August, Bloomberg News reported on Friday, citing people familiar with the internal deliberations.

The order would focus on semiconductors, artificial intelligence and quantum computing, Bloomberg reported, adding that it would not affect any existing investments and would only prohibit certain transactions.

To reach the editorial team on your feedback, story ideas and pitches, contact them here.
Copyright Reuters
© 2019 Thomson Reuters. Click for Restrictions.
Tags:
biden government semiconductor

Related Articles

  • Thailand approves FastPass to speed up stalled investment projects
  • Malaysia secures communications for the upcoming ASEAN Summit
  • Singapore Land Transport Authority upgrades railway surveillance network
  • FWD Group sets up AI Lab in Singapore to transform insurance
Share on Twitter Share on Facebook Share on LinkedIn Share on Whatsapp Email A Friend

Most Read Articles

Singapore public sector saw 178 data breaches in 2021

Singapore public sector saw 178 data breaches in 2021

Petronas looks to cost savings as cloud migration finish line nears

Petronas looks to cost savings as cloud migration finish line nears

Singapore’s digital economy contributed S$106 billion to 2022 GDP

Singapore’s digital economy contributed S$106 billion to 2022 GDP

Singapore’s OSTIn and IMDA to develop hybrid satellite-terrestrial networks

Singapore’s OSTIn and IMDA to develop hybrid satellite-terrestrial networks

All rights reserved. This material may not be published, broadcast, rewritten or redistributed in any form without prior authorisation.
Your use of this website constitutes acceptance of Lighthouse Independent Media's Privacy Policy and Terms & Conditions.