The UK is considering following the US’s lead and screening outbound investments into critical technologies in China, the Financial Times has reported.

Speaking with journalists on a plane bound for the G7 summit in Japan, UK prime minister Rishi Sunak said “we are engaged in a dialogue with” the US on the topic. “We are also doing policy thinking on that particular area,” he added.

He said the topic will be discussed at this week’s meeting in Hiroshima between leaders of seven of the world’s biggest economies. US president Joe Biden is expected to soon announce an executive order requiring the screening of outbound investment into Chinese artificial intelligence, quantum computing and advanced semiconductors for national security risks.

AWS quadruples investment in India

Amazon’s cloud computing provider, AWS, will invest Rs1.366tn ($12.7bn) in India by 2030. It represents a fourfold increase of its investment in the country to-date.

Announcing the news on May 18, the US tech giant said the expansion of India’s cloud infrastructure will contribute the equivalent of $23.3bn to its gross domestic product by the end of this decade. The fresh capital will also support more than 130,000 full-time jobs in local businesses each year.

AWS first entered India in 2016 and operates two cloud regions in the country — one in Mumbai and another in the southern city of Hyderabad.

Micron to invest $3.7bn in Japanese chipmaking

US-based Micron Technology is investing up to Y500bn ($3.7bn) in Japan to manufacture next-generation semiconductors in the country. On May 17, the firm announced the expansion of its fabrication plant in Hiroshima to produce DRAM chips using its extreme ultraviolet (EUV) technology.

Micron claims to be the first company to introduce EUV technology into Japan. In its statement announcing the news, it said the project has “close support from the Japanese government” without giving further details. Bloomberg has reported that Tokyo is set to provide the firm with incentives worth Y200bn.

And finally: Spanish oil major Repsol plans to develop 1.7 gigawatts of renewables capacity in Italy, the group announced on May 17.