Pentagon blacklist raises spectre of investment curbs for Chinese tech firms

AI Summary

The US Department of Defense has expanded its blacklist of Chinese technology companies designated as "Chinese military companies," increasing reputational risks and raising concerns about potential restrictions on US investment. Legal experts warn of the possible future curbs on investment access to these firms under the National Defense Authorization Act.

The Pentagon’s expanding blacklist of Chinese companies is increasing reputational risks for some of the country’s biggest technology firms and raising the prospect of future restrictions on access to US investment, according to legal experts. In a Federal Register notice scheduled for publication on Wednesday, the US Department of Defence designated a broad group of Chinese companies as “Chinese military companies” under Section 1260H of the National Defence Authorisation Act. The latest...