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{"id":4515,"date":"2024-04-13T11:13:52","date_gmt":"2024-04-13T11:13:52","guid":{"rendered":"https:\/\/aitesonics.com\/biden-signs-executive-order-restricting-investment-in-chinese-tech-companies-230728855\/"},"modified":"2024-04-13T11:13:52","modified_gmt":"2024-04-13T11:13:52","slug":"biden-signs-executive-order-restricting-investment-in-chinese-tech-companies-230728855","status":"publish","type":"post","link":"https:\/\/aitesonics.com\/biden-signs-executive-order-restricting-investment-in-chinese-tech-companies-230728855\/","title":{"rendered":"Biden signs executive order restricting investment in Chinese tech companies"},"content":{"rendered":"

President Joe Biden signed an executive order<\/a> that puts new limits on American investment in certain types of Chinese tech firms. The order is meant to address national security concerns posed by companies that deal with \u201csensitive technologies,\u201d including semiconductors, quantum computing and artificial intelligence.<\/p>\n

"Advancements in sensitive technologies and products in these sectors will accelerate the development of advanced computational capabilities that will enable new applications that pose significant national security risks, such as the development of more sophisticated weapons systems, breaking of cryptographic codes, and other applications that could provide these countries with military advantages," the executive order states<\/a>.<\/p>\n

The White House described the move as \u201cnarrowly targeted,\u201d saying it was meant to bar the funding of \u201centities that engage in specific activities related to these technology areas that pose the most acute national security risks.\u201d As The Washington Post<\/em> notes<\/a>, responsibility for enforcing the executive order would fall on the Treasury Secretary.<\/p>\n

The executive order, which won\u2019t go into effect until 2024, is hardly the first time the US has sought to limit the influence of Chinese tech firms in recent years. Both Biden and his predecessor imposed significant restrictions on Huawei<\/a>. The White House has also limited the sale of supercomputing technology<\/a> to Chinese firms and sought to block China\u2019s access to advanced chip-making equipment. The Biden Administration has also pressured ByteDance<\/a>, the Chinese owner of TikTok, to sell the popular app.<\/p>\n","protected":false},"excerpt":{"rendered":"