US President Joe Biden signed an executive order Wednesday to curb some US investments in China's technology sector.

 

Multiple US officials who briefed reporters on the directive ahead of its public release said it is narrowly tailored to prohibit US firms from funding investment in Chinese firms that develop advanced technologies sensitive to national security.


That includes "technologies that are critical to the next generation of military innovation," said one official, who like the others, spoke to reporters on condition of anonymity because the order had not yet been issued.


Specifically, it will prohibit US investment in Chinese firms that develop semiconductors and micro electronics, quantum information technologies, and certain artificial intelligence systems.


The rule also requires American companies to notify the Treasury Department of certain other transactions with Chinese firms that involve other technologies and products that could endanger US national security.

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