US EditionBiden signs order to ban certain tech investments in China
- US President Joe Biden has signed an executive order restricting US investors from putting their funds into Chinese firms developing certain technologies, in an effort to prevent these products from being used by China's military. The order focuses on scrutinizing investments in Chinese companies working on semiconductors, microelectronics, quantum computers and networks, and certain software incorporating AI designed for military or intelligence-related uses.
- The US Treasury Department refers to the effort as "narrowly targeted," aiming specifically at China, Hong Kong, and Macau.
190 Articles
190 Articles
Biden issues an executive order restricting US investments in Chinese technology
WASHINGTON (AP) — President Joe Biden signed an executive order Wednesday to block and regulate high-tech U.S.-based investments going toward China — a move the administration said was targeted but it also reflected an intensifying competition between the world’s two biggest powers. The order covers advanced computer chips, micro electronics, quantum information technologies and artificial intelligence. Senior administration officials said that…
Biden announces curbs on US investments in China
Washington DC, Aug 10, 2023 — President Joe Biden on Wednesday issued an executive order aimed at restricting certain American investments in sensitive high-tech areas in China — a move that could further strain ties between the world’s top two economies. The long-anticipated rules, expected to be implemented next year, target sectors like semiconductors and artificial intelligence, as Washington seeks to limit access to key technologies. “The c…
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