U.S. authorities' initiative to limit investment by US residents in non-friendly technology industries was discussed the other day, and yesterday President Joseph Biden will strengthen the monitoring of attempts by other countries to gain access to technological assets within the U.S. that are valuable in the context of national security.
The authority of CFIUS, as The Wall Street Journal explains, was strengthened as early as 2018, but under current circumstances this regulatory body should coordinate more closely inter-agency efforts to limit access to nationally sensitive technologies by unfriendly States, as the US President's administration believes, and as an example of undesirable events, reference is made to the purchase by a foreign investor of several companies in one sector of the American economy.
In addition to the semi-conductor industry and artificial intelligence systems, the protected industries include biotechnology, quantum computing, alternative energy and the extraction of critical mineral resources. China is not explicitly mentioned in the text, but the expression "competing or hostile countries" suggests that interest in investors from the PRC will remain high, especially since previously American regulators have tried to prevent Chinese from gaining access to advanced American technology through frontline venture funds.
The Chinese Embassy in the United States responded with restraint to the news of a new decree issued by the U.S. authorities, citing the early remarks of Ambassador Qin Ghana, who called the relationship between the United States and China closely intertwined. The new decree, it is said, will block foreign investors' access to sensitive personal data from U.S. citizens, and this paragraph refers to the activities of the TikTok social network, which the United States authorities have been trying to "land" or banish altogether from their jurisdiction for years.