New US rules are expected to cover private-equity and venture-capital investments in advanced semiconductors, supercomputing and some forms of artificial intelligenceThe US Treasury Department is preparing new rules that could prohibit US investment in certain sectors of adversarial nations, the Wall Street Journal reported on Friday. The new rules are expected to cover private-equity and venture-capital investments in advanced semiconductors, supercomputing and some forms of artificial intelligence, the WSJ said, quoting sources. The Treasury and Commerce departments expected to finalize their policy in the near future, it added. The United States passed a sweeping export controls last September that aimed at hobbling China’s semiconductor industry. “The United States does a great deal of trade with China – we should continue to do that.

Source: Wall Street Journal March 04, 2023 17:13 UTC