One of Equinix’s internal operations centers at the Equinix Data Center in Ashburn, Virginia, on May 9, 2024.
Amanda Andrade Rhodes | Amanda Andrade-Rhoades The Washington Post | Getty Images
Measures aimed at curbing U.S. investment in China-sensitive technologies are in the final stages of review U.S. Government Update show.
Under the set of rules, the Treasury Department will require notifications of foreign investments in sensitive Chinese technologies, including artificial intelligence, semiconductors, microelectronics and quantum computing that could be used to develop military capabilities.
The final rule will likely be released within “the next week or so,” According to Reuters.
The proposals are part of the Joe Biden administration’s efforts to limit the flow of U.S. capital, technology and expertise into China that could support China’s military modernization and harm U.S. national security.
In June last year, the U.S. Department of the Treasury issued proposal These include the possibility of outright bans on investment in certain cutting-edge Chinese technologies.
“The potential military, intelligence, surveillance and cyber applications of these technologies and products pose risks to U.S. national security, particularly when developed by a country of concern such as the People’s Republic of China,” the Treasury notice said.
Laura Black, a former Treasury official, said the Treasury Department may try to formalize the rules before the presidential election, scheduled for Nov. 5, according to Reuters.
The Ministry of Finance has invited citizens and companies to submit proposals for further defining the scope of regulation and how transactions should be restricted.
The United States will adopt comprehensive export controls starting in October 2022, aiming to restrict China’s access to advanced semiconductor technology, especially technology used in artificial intelligence applications, and impose a series of high tariffs on Chinese imported products.
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