The Government of Joe Biden announced this Monday the prohibition of investing US capital in Chinese technology companies for representing a “threat to national security.”
The decision, which will take effect on January 2, 2025, prohibits investment in three key sectors of the Chinese economy: semiconductors and microelectronics, quantum information and artificial intelligence.
“The Biden-Harris Administration is committed to protecting America’s national security and keeping strategic advanced technologies out of the hands of those who could use them to threaten our national security,” Deputy Treasury Secretary Paul Rosen said in a statement.
“Artificial intelligence, semiconductors and quantum technologies are fundamental to the development of the next generation of military, surveillance, intelligence and certain cybersecurity applications,” he added.
Rosen gave as examples in which these technologies could be used: advanced computer systems for code breaking or new generation combat aircraft.
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The US already prohibits exports to China of technologies linked to these three sectors, so the measure announced this Monday represents another step in the strategy of isolating the Chinese technology sector from the American one.
The measure responds to reasons of national security, especially to prevent China from using advanced American technological developments in order to modernize its Armed Forces.
Chinese President Xi Jinping has set a goal that, by 2035, the country will experience significant progress in the social, economic and military spheres, including strengthening the maritime capabilities of the Armed Forces, which could pose a threat to Taiwan, American ally.
With information from EFE
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