US bans some foreign investments in chips, AI, quantum technology • The Register


    President Biden issued an executive order prohibiting certain companies from investing in US entities if doing so would give the investor access to certain information technology and/or US data.

    It bears the catchy title “Order on Ensuring Robust Consideration of Evolving National Security Risks” by the Committee on Foreign Investments in the United States. Or OERZENSRCFIUS for short, if you want to incorporate it into song lyrics.

    The Committee (CFIUS) is already required to consider whether incoming investments are from a nation “that has a demonstrated or stated strategic objective to acquire any type of critical technology or critical infrastructure that would compromise United States leadership in areas of national security “.

    The executive order adds a requirement to invest in “microelectronics, artificial intelligence, biotechnology and biomanufacturing, quantum computing, advanced clean…

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