The Biden administration is considering new restrictions on US investments in certain Chinese technology firms, according to people familiar with the matter. The potential curbs could target companies involved in advanced computing and artificial intelligence, among other cutting-edge fields. The measures under review include outright bans on transactions as well as limiting them through licensing requirements. The deliberations are part of a broader effort to deny China access to critical technologies that could bolster its military capabilities. However, the discussions are still in early stages and no decisions have been made. Any new restrictions would likely face opposition from US business groups and could further strain relations between the world’s two largest economies. The administration is also weighing new curbs on exports of semiconductor manufacturing equipment to China, which could impact companies like ASML Holding NV.
Source: https://www.businessinsider.com/us-biden-china-curbs-stocks-chip-suppliers-asml-2024-11