White House announces new restrictions on foreign investment in US technology, utilities…


    Further foreign investment in U.S. companies will require federal approval under a new executive order aimed at preventing transactions that could give potential adversaries control of key American supply chains or sensitive technology, the White House announced Thursday.

    The order adds specific guidance and additional focus to reviews already conducted by the United States Committee on Foreign Investments, or CFIUS, three senior administration officials said in a call with reporters on condition they are not identified.

    “Some countries are using foreign investment to gain access to sensitive data and technology for purposes that are detrimental to U.S. national security,” the White House said in a background statement on the order.

    The order focuses on transactions in specific sectors, such as microelectronics, but could apply to any transaction found to have the potential to compromise sensitive data, technology or supply chains, and allows for the…

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