China’s AI push feels the heat from US ban on venture capital funding

The executive order announced by President Biden restricts US venture capital and private equity investments in sensitive Chinese tech sectors, potentially ending foreign investment in areas such as chips and AI in China.

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Relevant topic timeline:

8/23/2023

IPO filing shows just how much Arm stands to lose in China

Arm, the British chip designer, expressed concerns about potential restrictions on its business in China due to regulatory and trade war risks, which could impact its revenue from the country, according to its recent SEC filing for its IPO.

8/27/2023

China clamps down on IPOs, seeking to limit market disruptions

China's securities regulator will gradually restrict initial public offerings in order to minimize market disruptions, potentially impeding the country's efforts to improve its industrial structure and impacting startups' access to capital markets.

8/29/2023

US companies are finding China increasingly 'uninvestible', commerce secretary Gina Raimondo says

US companies are becoming increasingly hesitant to invest in China due to concerns over new anti-spying laws, competition from state-funded firms, and the country's economic challenges such as deflation and a property crisis.

8/31/2023

Biden administration restricting Nvidia’s sales of AI chips to some countries in Middle East

The Biden administration is imposing export restrictions on Nvidia's AI computer chips to certain Middle Eastern countries due to concerns that the advanced technology may aid adversaries like China.

9/5/2023

China is reportedly spending big to boost its production of chips for AI and smartphones after the US cracked down on exports

China is planning a $41 billion fund to boost its semiconductor industry in response to US restrictions on exporting chips to the country.

9/7/2023

China's top chipmaker may be in hot water as US lawmakers call for further sanctions after Huawei 'breakthrough'

The Biden administration's export ban is causing China's largest contract chipmaker, SMIC, to face restrictions on export sales, leading to concerns about the acceleration of the US-China tech war.

9/12/2023

House Committee Examines Risks of U.S. Investments in Chinese Tech and Military Firms

Members of a bipartisan House committee are calling for legislation to block American investment in Chinese companies, particularly in areas such as artificial intelligence, to prevent the funding of China's military aggression and human rights abuses.

9/14/2023

Biden Administration Announces Increased Scrutiny of Foreign Investments in U.S.

The Biden administration plans to increase scrutiny of foreign-owned companies' investment plans in the United States, with a focus on national security concerns and potential risks related to China.