The Treasury Department says restraint measures will ensure that U.S. investments are protected from technological advances that threaten national security.
The United States has finalized rules restricting investment in key Chinese technology areas, including artificial intelligence, on national security grounds, the Treasury Department announced.
The restrictions will prohibit U.S. citizens, permanent residents and U.S.-based companies from engaging in transactions involving technologies such as AI, semiconductors and quantum computing, the Treasury Department said in a statement Monday.
U.S. investors are also required to notify the Treasury about investments in some less advanced technologies that “may result in threats to U.S. national security,” the Treasury Department said. .
The restrictions, which are scheduled to go into effect on January 2, will “ensure that U.S. investments cannot be misused to advance the development of key technologies by those who could use them to threaten our national security. ” said Assistant Secretary Paul Rosen. Treasury for investment security.
“U.S. investments, including the intangible benefits associated with these capital flows, such as management support and access to investment and talent networks, can be used to support countries of concern in developing their military, intelligence, and cyber capabilities,” Rosen said. It must not be taken advantage of.”
The curbs come after President Joe Biden signed executive orders last year targeting investments in semiconductors, microelectronics, quantum computing and certain artificial intelligence capabilities.
Biden warned at the time that U.S. investments could be helping adversaries develop sensitive technologies “critical to military, intelligence, surveillance, and cyber response capabilities.”
China’s Foreign Ministry denounced Biden’s executive order as an attempt at “anti-globalization and de-Sinicization.”
In a statement, the ministry said, “China is strongly dissatisfied with and resolutely opposes the United States’ insistence on imposing restrictions on investment in China, and has made a solemn request to the United States.”
