Hua Hong Semiconductor: Aiming to keep U.S. capital and expertise from helping China s military modernisation and harming U.S. national security, Biden s executive order on Wednesday was limited, for example by applying only to new investments.
Countries like China, UAE and Georgia have become intermediaries to help Russia overcome trade sanctions and semiconductor chips meant for appliances can be used in drones too.
After a four-day visit to China, Treasury Secretary Janet Yellen stated last week that she had discussed the proposed order with her Chinese counterparts.
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