Team Biden's Ban On China Tech Investments Could Impact Tesla's AI Plans: Report

Quick Summary:

This move aims to prevent American capital from enhancing China’s military capabilities, South China Morning Post reported on Tuesday.The U.S.

The United States has announced a ban on investments in China’s semiconductor and AI sectors, potentially affecting Tesla Inc.(NASDAQ:TSLA) and its operations in the region.

What Happened: The Biden administration will prohibit U.S.investments in China’s semiconductor, quantum, and AI technologies starting Jan.2.

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Author / Journalist: Pooja Rajkumari

Category: Technology

Markets: United StatesChina

Topics: Stories That Matter Semiconductor General Benzinga Equities TSLA Markets Benzinga neuro US88160R1014 Tech Consumer Tech News Pooja Rajkumari

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 13:10:34 (3 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 361 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 23327467

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