“We know that our adversaries will use any means they can to close the gaps between our technological capabilities and theirs,” Sherrod Brown, the Ohio Democrat who is chair of the Senate Banking Committee, said on Thursday.
“What we don’t know is to what degree US investments are helping them.” 
Photo: Bloomberg
“We know that our adversaries will use any means they can to close the gaps between our technological capabilities and theirs,” Sherrod Brown, the Ohio Democrat who is chair of the Senate Banking Committee, said on Thursday. “What we don’t know is to what degree US investments are helping them.” Photo: Bloomberg

US Senate weighing limits on US investments in Chinese hi-tech businesses

  • Banking Committee holds hearing with some members seeing unfettered US business ties to Chinese firms as a loophole in export controls and a national security risk
  • Separately, US Commerce Secretary Gina Raimondo says a new law requires any company taking federal subsidies to build chips in US not to transfer tech to China

“We know that our adversaries will use any means they can to close the gaps between our technological capabilities and theirs,” Sherrod Brown, the Ohio Democrat who is chair of the Senate Banking Committee, said on Thursday.
“What we don’t know is to what degree US investments are helping them.” 
Photo: Bloomberg
“We know that our adversaries will use any means they can to close the gaps between our technological capabilities and theirs,” Sherrod Brown, the Ohio Democrat who is chair of the Senate Banking Committee, said on Thursday. “What we don’t know is to what degree US investments are helping them.” Photo: Bloomberg
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