The US treasury department finalized a rule on Monday that limits domestic entities' investment in Chinese semiconductors and microelectronics, quantu

Chinese chips, quantum and AI now on US investment blacklist

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2024-10-29 14:30:06

The US treasury department finalized a rule on Monday that limits domestic entities' investment in Chinese semiconductors and microelectronics, quantum information technologies, and AI.

The original rules were proposed in June after being introduced in August 2023 on grounds of national security. In addition to prohibiting transactions considered to be an acute threat, the regulations also require US-based individuals and companies to notify the Treasury about others that may contribute to security risks. Those notifications can be completed using electronic filing.

"The Biden-Harris Administration is committed to protecting America's national security and keeping critical advanced technologies out of the hands of those who may use them to threaten our national security," stated Assistant Secretary for Investment Security Paul Rosen.

Rosen reasoned that the named technologies are "fundamental to the development of the next generation of military, surveillance, intelligence and certain cybersecurity applications like cutting-edge code-breaking computer systems or next generation fighter jets."

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