14th June 2024

President Joe Biden signed an govt order that places new limits on American funding in sure varieties of Chinese language tech corporations. The order is supposed to deal with nationwide safety considerations posed by firms that cope with “delicate applied sciences,” together with semiconductors, quantum computing and synthetic intelligence.

“Developments in delicate applied sciences and merchandise in these sectors will speed up the event of superior computational capabilities that can allow new purposes that pose vital nationwide safety dangers, resembling the event of extra subtle weapons methods, breaking of cryptographic codes, and different purposes that might present these nations with navy benefits,” the manager order states.

The White Home described the transfer as “narrowly focused,” saying it was meant to bar the funding of “entities that interact in particular actions associated to those know-how areas that pose probably the most acute nationwide safety dangers.” As The Washington Submit notes, accountability for implementing the manager order would fall on the Treasury Secretary.

The chief order, which gained’t go into impact till 2024, is hardly the primary time the US has sought to restrict the affect of Chinese language tech corporations in recent times. Each Biden and his predecessor imposed vital restrictions on Huawei. The White Home has additionally restricted the sale of supercomputing know-how to Chinese language corporations and sought to dam China’s entry to superior chip-making gear. The Biden Administration has additionally pressured ByteDance, the Chinese language proprietor of TikTok, to promote the favored app.

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