The U.S. Treasury Department has published rules on its website designed to limit U.S. investment in technologies that could be used in the military of China and some other countries.
“Countries of concern are using U.S. investments in ways that could lead to accelerated development of sensitive technologies and products that undermine our national security interests,” the White House said in a statement on the publication of the rules.
The rules prohibit U.S. citizens from investing in technologies that could threaten America’s national security and require notifying the Treasury Department of a number of related transactions.
The White House noted that “the administration is committed to ensuring America’s security by preventing the People’s Republic of China from developing key technologies that are critical to modernizing its military.”
The rules mention semiconductors, microelectronics, quantum information technology, and artificial intelligence because these technologies could form the basis for new products in the military.
“U.S. investments, including intangible benefits such as management assistance and access to the investment and human resources networks that often accompany capital flows, should not be used to help interested countries develop their military, intelligence, and cyber capabilities,” said Assistant Treasury Secretary for Investment Security Paul Rosen, quoted by the Treasury Department.
China's technology, U.S. investments, U.S. Treasury Department
