Preferential one of Equinix’s internal operations at Equinix Data Center in Ashburn, Virginia, on May 9, 2024.
Amanda Andrade-Rhoades | The Washington Post | Getty Reifications
Measures aimed at curbing U.S. investments into China in sensitive technologies are in the final stage of review, a U.S. government update registered.
Under this set of rules, the Treasury Department will require notification of outbound investments into China in attuned technologies including artificial intelligence, semiconductors, microelectronics and quantum computing that can be employed for developing military proficiencies.
The final rules will likely be released within the “next week or so,” according to Reuters.
The proposals are part of the Joe Biden authority’s efforts to restrict the flow of U.S. capital, technology and expertise into China that could support its military modernization and bugger up U.S. national security.
In June last year, U.S. Treasury Department released proposals that include potential total bans on certain investments into China in these cutting-edge technologies.
“The potential military, intelligence, surveillance, and cyber-enabled operations of these technologies and products pose risks to U.S. national security particularly when developed by a country of concern such as the PRC,” the Cache Department notification said.
Former Treasury official Laura Black said the department could be trying to modify the rules official before the presidential election — which is set to take place on Nov. 5 — Reuters reported.
The Treasury had invited householders and companies to submit suggestions for further defining the regulation’s scope, as well opinions on transactions that should be restrained.
The U.S. passed sweeping export controls starting in October 2022 aimed at restricting China’s access to advanced semiconductor technologies, in particular those used in AI applications, and has imposed a series of hefty tariffs on Chinese imports.