China is against it US investment restrictions proposal It reserves the right to invest in the technology industry. Take action against the measures.
China’s Ministry of Commerce said on Monday that the United States should “stop politicizing and weaponizing economic and trade issues and lift investment restrictions on China,” according to Reuters.
The Treasury Department on Friday A detailed plan to restrict new U.S. investment in Chinese companies developing artificial intelligencesemiconductors, and quantum computers. According to the Treasury Department, the proposed rule, titled “Addressing U.S. Investments in Certain National Security Technologies and Products in Countries of Concern,” is part of the Biden Administration’s efforts to “prevent the exploitation of U.S. foreign investments” in “countries of concern” that are developing military, intelligence, surveillance, or cyber-enabled technologies that could pose risks to U.S. national security. China, Hong Kong, and Macau are among the places of concern the Biden Administration considers.
The proposed rule would prohibit U.S. citizens from investing in certain technologies and products deemed a national security threat and require U.S. citizens to notify the Treasury Department of related investments. The plan is expected to be finalized later this year. The Biden administration first announced the rule. Restrictions on investment in sensitive Chinese technology The last August.
U.S. companies Restrictions on sending equipment to manufacture advanced chips US officials are banning investment in Chinese semiconductor factories as part of efforts to curb China’s technological and military advances. South Korea, Japan and the Netherlands urged to impose export restrictions Exporting memory and advanced logic chip equipment and technology to China.
The Biden administration Tighter export controls on advanced AI chips and chip manufacturing tools Exports from US companies to China will be banned from 2022 onwards. In 2019, former President Donald Trump Shipments from US companies to Chinese electronics manufacturer Huawei Without an export license.
