The President Just Banned All US Investment in Huawei

4th June 2021

In the wake of former executive orders from Trump that banned a handful of companies in China from buying U.S. technology, current President Biden has issued a new executive order that bans U.S. investments in 59 different defense and tech firms in China, according to a press release on the White House's official website.

In other words, the tech wars have officially begun…

…In the spirit of limiting the growth of China's defense and surveillance technology, the Biden administration is amending E.O. 13959 to include a prohibition on U.S. citizens or companies' making new investments or "engaging in the purchase or sale" of any of the 59 companies listed in the order. All 59 companies represent major China-based companies involved in aviation, defense, and surveillance ostensibly linked to the Chinese military-industrial complex. And this list isn't exhaustive: The executive order says more names may be added on a "rolling basis."

https://interestingengineering.com/president-banned-us-investment-huawei-tech-wars