Anti-China step seen hitting US tech firms
On Thursday, US President Joe Biden signed an executive order that limits foreign investment in US technologies even more.
This is another step to stop China from getting ahead in technology.
The order directs the Committee on Foreign Investment in the United States, or CFIUS,
to look more closely at foreign investments and transactions in the tech sector and national supply chains.
Even though China wasn't mentioned by name, the order said that the targets are "especially those from competitors or adversarial nations."
This is the same language that has been used in other policies that are meant to hurt China.