Restriction on Investment in Chinese Tech Companies Enforced as Biden Signs Executive Order

Restriction on Investment in Chinese Tech Companies Enforced as Biden Signs Executive Order


President Joe Biden has signed an ​executive⁢ order imposing new ⁢restrictions on American investment ⁤in certain Chinese tech firms. The ​order aims to address national security concerns associated​ with ​companies involved in “sensitive technologies“⁣ such as semiconductors, quantum computing, and artificial‍ intelligence.

The ⁤executive order‌ states, “Advancements in these sectors will ‍accelerate the⁢ development of advanced computational capabilities, which could pose significant national security risks. This includes ⁣the development of more sophisticated ‍weapons systems, breaking cryptographic codes, and other applications that could provide military advantages to ⁢these⁤ countries.”

The White House has‍ described the order as ‌”narrowly‍ targeted,” with the intention of‍ preventing​ funding for‌ entities⁤ engaged in specific activities related to these technology areas that pose​ the most acute national security risks. As…

2023-08-09 18:07:28
Original from www.engadget.com ‍ rnrn

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