A treasury official from the United States announced that investments and expert employment in Chinese companies working in advanced semiconductor chips, artificial intelligence, and quantum computing will be restricted. Here are the new steps taken in the China-US competition.
The US announced investment restrictions on China.
Paul Rosen, responsible for investment security at the US Treasury, stated during a session of the Senate Banking Committee today that they are working on restricting expert employment and US investments in certain sectors and subsectors such as “semiconductors, artificial intelligence, and quantum computing.” Referring to information leakage to China and disproportionate military power growth, Rosen stated that the work would be completed in a short time.
During the session, when asked about the developments regarding Huawei, Paul Rosen emphasized that they have not made a decision on this matter yet and that every issue will be carefully analyzed along with other agenda items.
Currently, US officials are closely monitoring the export flow to China and intervening in this flow when necessary to ensure security. Officials stated that last year, twenty-five percent of requests were denied to stop sales that would advance Beijing’s militarization.
This development is a significant turning point for the world of technology and artificial intelligence. This step taken by the US against its competitor to take control in this arena will greatly affect China, which is an important technology country worldwide. It seems that the US will continue to take every necessary step to remain the “technology leader.” Although it is believed that the decision will directly impact the international economic balance, the US appears to be quite determined.
What are your thoughts on this matter? Do you think these decisions could also affect Huawei? Feel free to share your opinions with us in the comments section.
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