“President Joe Biden on Aug. 9 signed an executive order to begin the process of restricting high-tech U.S.-based investments going toward China in the areas of artificial intelligence, quantum technology, and semiconductors.
The executive order, which is likely to take effect next year following a comment period, will authorize the Treasury secretary to regulate U.S. investments into Chinese technologies deemed to affect national security, according to senior administration officials…
The official said that the new executive order will target a ‘narrow subset’ of investments in AI, quantum information technologies, and semiconductors and microelectronics to fill a ‘critical gap’ in national security.”