The U.S. Increases Banned Investment List for “Military-Related” Chinese Companies to 59, Including Huawei, Hikvision, and SMIC | Synced

On June 3, the White House and the Office of Foreign Assets Control (OFAC) of the Treasury Department announced a new ban signed by the Biden administration restricting American investment in 59 Ch...

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Source: Synced | AI Technology & Industry Review

On June 3, the White House and the Office of Foreign Assets Control (OFAC) of the Treasury Department announced a new ban signed by the Biden administration restricting American investment in 59 Chinese companies, including companies such as Huawei, Hikvision, and SMIC.