US finalises curbs on investments in China chip, AI tech
Biden administration finalised restrictions on investments by US individuals and companies into advanced technology in China, including semiconductors, quantum computing and artificial intelligence.
The rules, which come after more than a year of deliberation, ban some investments into those industries and require the US government to be notified about others. The goal is to prevent American capital and know-how from helping China develop critical technologies that could lend Beijing a military edge.
«US investments, including the intangible benefits like managerial assistance and access to investment and talent networks that often accompany such capital flows, must not be used to help countries of concern develop their military, intelligence, and cyber capabilities,» Paul Rosen, assistant Treasury secretary for investment security, said in a press release.
The final framework, which takes effect Jan. 2, largely matches a proposal unveiled in June, with additional clarity on the technological parameters of the rule and the US government's expectations around compliance.
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