Biden Finalizes Curbs on US Investing in China Chip, AI Tech
- Rules cover individual, company investments in advanced tech
- Restrictions include both bans and notification requirements
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The Biden administration finalized restrictions on investments by US individuals and companies into advanced technology in China, including semiconductors, quantum computing and artificial intelligence.
The rules, which come after more than a year of deliberation, ban some investments into those industries and require the US government to be notified about others. The goal is to prevent American capital and know-how from helping China develop critical technologies that could lend Beijing a military edge.