House Financial Services Committee Chairman comes out against increasing the restrictions on China investment in the U.S. Here’s why other members agreed. Plus, a warning from Maxine Waters on outbound investments to adversarial nations.
Should U.S. companies like Intel be allowed to invest in factories and partner with tech companies in China? If so, should there be restrictions?
Some in the Senate, like Sen. Bob Casey, say Washington needs to monitor what type of investment corporate America is making in China.
Last year, America’s largest chipmaker, Intel, agreed to sell its memory chip business to South Korean memory chipmaker SK Hynix for $9 billion, part of the routine musical chairs of tech companies repositioning their assets. But in the past month, disturbing reports have emerged that China may be imposing forced technology transfer on these companies…