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White House restricts U.S. investment in some Chinese tech, citing national security concerns

2023-08-10 11:25:52       source:CNBC

August 9, 2023


WASHINGTON — President Joe Biden signed an executive order on Wednesday aimed at regulating new U.S. investments and expertise that supports Chinese development of sensitive technologies.


The new measure, which is expected to be implemented next year, targets investment in semiconductors and microelectronics, quantum computing and certain artificial intelligence capabilities.


Biden warned in the executive order that certain American investments may contribute to "the development of sensitive technologies and products in countries that develop them to counter United States and allied capabilities."


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https://www.cnbc.com/2023/08/09/biden-to-sign-executive-order-aimed-at-restricting-china-investments.html