US Moves Closer to Restricting Outbound Investment in China for Chips, AI Tech
- Treasury Department releases proposal for tech investing rules
- Biden seeking to slow Beijing’s access to next-gen technology
Photographer: Go Nakamura/Getty Images
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The Biden administration advanced plans to restrict investments by US individuals and companies into China, with a focus on curbing Beijing’s ability to gain ground in semiconductors, quantum computing and artificial intelligence.
The Treasury Department said Friday that new rules it’s proposing would restrict outbound investment in technologies critical to “the next generation of military, intelligence, surveillance or cyber-enabled capabilities that pose national security risks to the United States.”