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ARTICLE · 14 AUGUST 2023

Biden Administration Limits US Investment In Chinese Semiconductors, Microelectronics, Quantum Computing, And AI Sectors

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On August 9, 2023, President Biden signed a highly anticipated Executive Order (E.O.) limiting outbound investment in certain industries that may threaten U.S. national security.

United StatesInternational Law
John Barker
John Barker
Charles Blanchard
Charles Blanchard
Deborah Curtis
Deborah Curtis
Ronald Lee
Ronald Lee
Soo-Mi Rhee
Soo-Mi Rhee
Nicholas Townsend
Nicholas Townsend
Trevor G. Schmitt
Trevor G. Schmitt
Kerry K. Walsh
Kerry K. Walsh
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On August 9, 2023, President Biden signed a highly anticipated Executive Order (E.O.) limiting outbound investment in certain industries that may threaten U.S. national security. The E.O., titled "Addressing United States Investment in Certain National Security Technologies and Products in Countries of Concern," aims to curb China-based military, intelligence, surveillance, and cyber-enabled advancements by targeting U.S. investment in the semiconductors and microelectronics, quantum computing, and artificial intelligence (AI) sectors in China, Hong Kong, and Macao. Pursuant to the E.O., the U.S. Department of the Treasury that same day issued an advance notice of proposed rulemaking (ANPRM), its first step in establishing the program introduced in the E.O., which is not immediately effective until implemented by the Treasury Department.

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