Asian Tech Press (Sep 5) -- The Biden administration is considering action to restrict U.S. companies from investing in Chinese technology companies, sources said.

The U.S. government is currently discussing an investment restriction bill with Congress, and U.S. President Joe Biden may sign the bill in the form of an executive order in coming months.

The bill would require U.S. companies to disclose disclose possible investments in certain Chinese industries before investing, while creating a system that would give the U.S. government the power to directly block investments, people familiar with the matter said.

The U.S. Department of Commerce will likely take further restrictive measures against chips used for artificial intelligence computing.