Biden plans new curbs on US firms investing in advanced Chinese tech: report

Biden plans new curbs on US firms investing in advanced Chinese tech: report

FILE PHOTO: U.S. President Joe Biden walks past members of Congress, including U.S. Rep. George Santos (R-NY) (L), as he arrives in the House Chamber to deliver his State of the Union address to a joint session of Congress at the U.S. Capitol in Washington, U.S., February 7, 2023. REUTERS/Evelyn Hockstein

The Biden administration is poised to introduce new restrictions on US companies funding the development of advanced computing technologies in China, the New York Times reported on Thursday.