(EuroNews) Germany plans to screen non-European investors that want to buy into firms in high-tech sectors including AI, robotics, semi-conductors, biotechnology & quantum technology. Under the new rules, investors in high-tech would have to make public any purchases of 10% or more and allow Germany to check them. Previously, only investments in critical infrastructure, such as energy, water, telecommunications and defense could be screened.
German Officials Move to Shield Strategic Technologies from China
While China is not mentioned in the document, German and European Union officials have repeatedly said they want a fair playing field with China, which they accuse of shielding its own companies from foreign investors. Germany has described the Chinese takeover in 2016 of Bavarian robotics firm Kuka as a wake-up call that underlined the need to shield strategic parts of the economy. The German move comes at a time the EU as a whole is reconsidering the bloc’s industrial strategy and relations to China in the face of increased investment in critical sectors by Chinese state-owned enterprises.