Bloomberg reported, citing people familiar with the matter, that the United States is exploring options to limit investment in Chinese tech companies, noting that US President Joe Biden could sign an executive order in the coming months.

The source said, “Separate measures may be introduced regarding the TikTok app, and the country’s Ministry of Commerce may impose additional restrictions on the chips used for artificial intelligence systems.” Another source confirmed that “investment cuts are part of the country’s broader strategy,” noting that “in parallel, the White House is discussing legislation with Congress that would require companies to make advance disclosures about potential investments in a number of Chinese industries.” The possibility of developing a system that would allow the government to directly discourage investment is also being discussed, he said.

The New York Times previously reported that the Biden administration had imposed restrictions on the sale of certain high-tech computer chips to Russia and China. It was noted that the new restrictions apply to high-end chip models known as GPUs or GPUs sold by Silicon Valley and Advanced Micro Devices.