Lawmakers are calling for restrictions on American venture capital firms funding Chinese tech companies. A congressional investigation found that these firms invested billions of dollars in Chinese companies involved in semiconductor, AI, and cybersecurity, which are considered a threat to national security. The report revealed that some VC firms invested in companies that support China's human rights abuses, military, and surveillance state. The lawmakers want Congress to limit investments in Chinese entities connected to the Chinese military or human rights abuses.
#VCfunding #ChineseTechCompanies #NationalSecurity #CybersecurityInvestments