On August 9 President Biden issued an Executive Order focused on national security threats stemming from U.S. investments in the People's Republic of China (PRC), specifically those related to technologies critical for military and intelligence capabilities.
The E.O. aims to protect U.S. national security while maintaining open investment. It sets forth a new program, focusing on prohibiting certain U.S. transactions and requiring notifications to Treasury regarding others, specifically related to the following technology areas:
Semiconductors and microelectronics
Quantum information technologies
Certain artificial intelligence systems