Biden Admin is still against Chinese Tech & Congress is still trading TSM
In its next step to reduce exposure to Chinese Tech, Biden Admin has announced a possible 'ban' on all American firms that invest in Chinese Technology Companies.
The irony is that several Congress members continue to invest in Chinese stock, including three who bought shares of TSM this year.
The US is banning private-equity and venture-capital investments in Chinese tech companies working in semiconductors, quantum computing and AI Its goal is "to prevent Beijing from developing cutting-edge technology" So much for the Almighty "Free Market" wsj.com/articles/u-s-t…