President Joe Biden signed an executive order placing restrictions on American investment in certain Chinese tech firms dealing with sensitive technologies. The move aims to address national security concerns related to semiconductors, quantum computing, and artificial intelligence. The order specifically targets entities engaged in activities that pose acute national security risks. The enforcement of the order will be the responsibility of the Treasury Secretary. This is not the first attempt to limit the influence of Chinese tech firms, as previous restrictions have been imposed on Huawei, supercomputing technology sales, and ByteDance’s ownership of TikTok.
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