How investment from the People’s Republic is dividing Washington and Silicon Valley
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In November, while Donald Trump was on his first state visit to Beijing, Republican Senator John Cornyn and Democrat Dianne Feinstein introduced a bill that would dramatically expand the government’s ability to block foreign investment in U.S. technology companies. The bill was directed at the Committee on Foreign Investment in the United States, or CFIUS, an interagency panel that scrutinizes purchases by “potential adversaries” that go against “national interests.” It was clear which adversary most concerned them: China had received more CFIUS reviews than any other country, according to the most recent data.