Biden Admin Bans US ‘Advanced Tech’ Firms From Building Facilities in China for Next Decade



American based technology firms that receive U.S. government funding will be barred from building “advanced technology facilities” in China for the next decade, according to a recent announcement by the Biden administration.

The ban is a requirement under the U.S. government’s multi-billion dollar plan to produce semiconductor chips on American soil, components that are predominantly manufactured in Asia.