US limits American investment in Chinese tech companies

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BancaMarch| US President Joe Biden on Wednesday signed an executive order that effectively limits US investment in several Chinese tech firms. According to Biden, China’s strategy facilitates and supports “advances in sensitive technologies and products that are critical to the military, intelligence, surveillance or cyber capabilities of other countries”.

The ban is limited to three key sectors of the Asian giant: semiconductors, quantum computing and artificial intelligence.

At the same time, Chinese companies’ fear of new bans by the US administration has accelerated orders for chips from Nvidia, for an amount of $5 billion, associated with the development of artificial intelligence.

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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.