Biden To Let Trump-Era Rule Severely Regulating China Tech "Threats" Take Effect | EMAN Message Board Posts

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Msg  6119 of 6193  at  2/26/2021 8:05:17 PM  by

frankenberry

The following message was updated on 2/26/2021 8:08:55 PM.

Biden To Let Trump-Era Rule Severely Regulating China Tech "Threats" Take Effect

 I wonder how this will affect KOPN - 
 
Under the terms of the stock sale agreement, Kopin sold 7,589,000 shares of Kopin’s common stock to Goertek for US $24,664,250 ($3.25 per share). This represents approximately 10.1% of Kopin’s total outstanding shares of common stock.
 
 

The rule could affect millions of American businesses, according to a Commerce Department estimate, potentially requiring them to get government clearance for purchases and deals involving sophisticated technology with what the regulation calls a "foreign adversary," or face potential unwinding of the deals or other enforcement.

Everything from sophisticated electronics, most especially computer components and iPhones, to camera equipment to vehicles, could potentially be impacted by a web of confusing regulations that could ensue.

https://www.zerohedge.com/economics/biden-let-trump-era-rule-block-china-tech-threats-take-effect
 


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