03
Nov
The Treasury Department today issued a final rule which serves to restrict and monitor U.S. tech investments in China in an effort to bolster national security. The main areas of investment are artificial intelligence, computer chips and quantum computing. The finalized rules build upon an executive order issued by President Biden in 2023, which blocked Americans and American firms from investing in Chinese sectors to thwart China’s military and intelligence capabilities. Officials at the White House said such investments “pose a particularly acute national security risk” to the U.S. Paul Rosen, the assistant secretary of Treasury for investment security, explained…