US Firms Investing in Chinese Chip Makers Despite Security Concerns

Various U.S.-based companies and their affiliates in China have continued to invest in the Chinese semiconductor industry despite reservations from the Biden administration about national security concerns, The Wall Street Journal reports.

The Biden administration is "looking at the impact of outbound U.S. investment flows that could circumvent the spirit of export controls or otherwise enhance the technological capacity of our competitors in ways that harm our national security," White House national security adviser Jake Sullivan said last July, according to the Journal.

Despite these concerns, the research firm Rhodium Group found...