American citizens blocked from investing in Chinese AI and semiconductors
The Treasury Department recently issued its final rule barring American citizens from investing in critical technologies created by China, namely semiconductors, microelectronics, quantum information technologies, and artificial intelligence.
Senior administration officials stated that these Chinese made products all “pose a particularly acute national security risk to the United States,” and any U.S. citizens that make transactions involving those products are now required to notify the Treasury Department of their financial decision.
“Artificial intelligence, semiconductors, and quantum technologies are fundamental cybersecurity applications like cutting-edge code-breaking computer systems or next-generation fighter jets,” wrote Treasury Assistant Secretary Paul Rosen of the Office for Investment Security.
As the Lord Leads, Pray with Us…
- For Assistant Secretary Rosen to be led by God as he oversees the Treasury Office for Investment Security.
- For Secretary Yellen and Treasury officials as they seek to prevent American investments from supporting Chinese technology.
Sources: The Hill, Treasury Department
