Biden signs executive order restricting investment in Chinese tech companies
that puts new limits on American investment in certain types of Chinese tech firms. The order is meant to address national security concerns posed by companies that deal with “sensitive technologies,” including semiconductors, quantum computing and artificial intelligence.
"Advancements in sensitive technologies and products in these sectors will accelerate the development of advanced computational capabilities that will enable new applications that pose significant national security risks, such as the development of more sophisticated weapons systems, breaking of cryptographic codes, and other applications that could provide these countries with military advantages," the executive orderThe White House described the move as “narrowly targeted,” saying...
The executive order, which won’t go into effect until 2024, is hardly the first time the US has sought to limit the influence of Chinese tech firms in recent years. Both Biden and his predecessor imposed significant restrictions
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Joe Biden issues an executive order restricting US investments in Chinese technologyIn a sign of growing strains between the world’s two biggest powers, President Joe Biden signed an executive order Wednesday that would block and regulate high-tech U.S.-based investments going toward China. It covers advanced computer chips, micro electronics, quantum information technologies and artificial intelligence.
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