logo
logo
  • Home
  • About Tripura
    • Tripura
    • Governon
    • Chief Minister
    • Council of Ministers
  • Tripura
  • National
  • International
  • Lifestyle
  • Spotlight
  • Sports
  • Jobs/Tender
  • Photo Album

Joe Biden bans US high tech investments in China, cites national security

By IBNS
Aug 10, 2023..

Washington: US President Joe Biden has banned US high tech investments in China citing national security, media reports said.


After the new order, a government notification is required for funding in other sectors.

The sectors where the new order will be imposed are semiconductors and microelectronics, quantum information technologies and certain artificial intelligence systems.

In a letter to Congress, Biden said he was declaring a national emergency "in sensitive technologies and products critical to the military, intelligence, surveillance, or cyber-enabled capabilities" to thwart the threat of advancement by countries like China.

The new move by the Biden administration could reignite the tension between the two economic giants.

Republicans, the opposition camp, said the new order did not go far enough, The Guardian reported.

Despite praising the move, House foreign affairs committee chairman Michael McCaul said as quoted by The Guardian, "The failure to include existing technology investments as well as sectors like biotechnology and energy is concerning."

In response to the move, China has expressed its disappointment.

A spokesperson of the Chinese Embassy said, as quoted by The Guardian, the move will "seriously undermine the interests of Chinese and American companies and investors."

"China will closely follow the situation and firmly safeguard our rights and interests," he added.

Leave a Reply
Post comment
Related News
‘Created unnecessary danger’: Canada’s spy watchdog slams sudden halt to CSIS overseas operation
May 31, 2025..
China's colonial boarding schools are eroding Tibetan identity: TAI report
May 31, 2025..
New York: Grand Indian baraat brings Wall Street to a standstill
May 31, 2025..
UN calls Gaza as the ‘hungriest place on earth'
May 31, 2025..
'We stopped potential India-Pakistan nuclear war with trade': Donald Trump reiterates 'ceasefire' claim
May 31, 2025..
Newsletter

Subscribe For Northeast Herald News And Receive Daily Updates

logo

Northeast Herald starts its journey from Tripura state capital city Agartala to cover the entire Northeast region of India for the latest news, news photos, and the latest photos to promote the great cultural, historical and traditional identity of the region.

  • Twitter Icon
  • About Tripura
  • About Northeast
  • National News
  • Tripura News
  • International
  • Entertainment
  • Spot Light
  • Article Us
  • Health
  • Lifestyle
  • Top News
  • Sports
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookies Policy
  • Code of Ethic
  • Site Map
  • Rss Feeds

Copyright © Northeast Herald. All Rights Reserved