The United States government has prohibited American companies from investing in certain technologies in China
Based on the decree, US interests are prohibited from doing business with the “concerned countries” listed in the decree, defined as the People’s Republic of China, Hong Kong, and Macao, for certain technologies.
According to the legislation, affected technologies and products include semiconductors, microelectronic products, quantum information technologies, and certain artificial intelligence (AI) systems.
According to a statement from the White House, the United States government is “committed to the safety of America and to protecting our national security by protecting next-generation technologies critical to military innovation.”
Regarding the decree, government officials on Wednesday stressed that restricting Chinese investment is precisely in the interests of national security and is not an economic policy measure. According to the statement, this step affects a limited set of products and technologies, through which it is possible to protect national security interests in addition to maintaining the US commitment to the open investment policy.