Mideast Wealth Funds Draw Greater US Scrutiny Over China Ties

Last month, the US House Select Committee on China sought information about Sequoia Capital’s investments into artificial intelligence, semiconductor and quantum computing companies in the Asian country. US lawmakers called out investments in firms, including ByteDance — alleging they are Sequoia Capital China’s “problematic publicly-known partnerships.”

And trade was at the top of the agenda when Biden and Xi met this month at a summit in San Francisco for the first time in a year.

“As the Gulf states continue to try to diversify their economies and make big investments in the tech sector globally, one would expect a certain amount of their investments to flow through CFIUS, even if they ultimately receive approval,” said Emily Kilcrease, a senior fellow at the Center for a New American Security who previously led the US Trade Representative’s work on CFIUS.

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