In an effort to protect sensitive technology, President Biden signed an executive order on investing in national security technology.
The executive order authorizes the Secretary of the Treasury to regulate certain U.S. investments into countries of concern in entities engaged in activities involving sensitive technologies critical to national security in three sectors: semiconductors and microelectronics, quantum information technologies and artificial intelligence. The President identified the People’s Republic of China (PRC), including the Special Administrative Region of Hong Kong and the Special Administrative Region of Macau, as a country of concern.