President Joe Biden this week signed an executive order restricting U.S. investments in Chinese tech sectors, including AI, semiconductors, and quantum computing, reports Reuters. The move aims to prevent American resources from aiding China's technological and military growth. China has expressed serious concerns and opposition to this order, stating that it disrupts economic cooperation and trade.
President Biden's order enables the U.S. Treasury secretary to limit U.S. investments in Chinese entities specifically within three sectors: artificial intelligence technologies, semiconductors, and quantum computing technologies. The restrictions mainly address private equity, venture capital, joint ventures, and greenfield investments. While the administration mentioned restrictions would concern only "narrow subsets" of these areas, precise details remain unspecified.
