The US Department of the Treasury has finalized regulations to restrict technology investments in China. Oct. 28, 2024 5:50 PM
The U.S. Department of the Treasury has finalized the Biden administration's regulations to restrict specific high-tech investments and exports to China today.
The targeted technologies include semiconductors, microelectronics, quantum information technology, and artificial intelligence.
"This narrow set of technologies is core to next-generation military, cybersecurity, surveillance, and intelligence applications," the White House stated in a declaration.
This final rule, Presidential Order 14105, prohibits U.S. companies or individuals from engaging in transactions involving a defined set of technologies and products that may contribute to a threat to U.S. national security.
This regulation may impact U.S.-based semiconductor and other technology companies that receive a significant portion of their revenue from China, such as Nvidia (NASDAQ: NVDA), Super Micro Computer (NASDAQ: SMCI), Micron Technology (NASDAQ: MU), Broadcom (NASDAQ: AVGO), Qualcomm (NASDAQ: QCOM), and Intel (NASDAQ: INTC).
Deputy Assistant Secretary for Investment Security Paul Rosen stated, "This final rule takes targeted measures to ensure that U.S. investments are not used by those who may pose a threat to national security to advance significant technology development."
"U.S. investments, which may include intangible benefits such as management support, access to investment and talent networks, often come with the flow of capital, but should not be used to help concerned countries develop military, intelligence, or cyber capabilities," he added.
Today's announcement was the final step in the process from the United States. President Joe Biden signed the presidential order regarding this issue for the first time in August 2023.
The targeted technologies include semiconductors, microelectronics, quantum information technology, and artificial intelligence.
"This narrow set of technologies is core to next-generation military, cybersecurity, surveillance, and intelligence applications," the White House stated in a declaration.
This final rule, Presidential Order 14105, prohibits U.S. companies or individuals from engaging in transactions involving a defined set of technologies and products that may contribute to a threat to U.S. national security.
This regulation may impact U.S.-based semiconductor and other technology companies that receive a significant portion of their revenue from China, such as Nvidia (NASDAQ: NVDA), Super Micro Computer (NASDAQ: SMCI), Micron Technology (NASDAQ: MU), Broadcom (NASDAQ: AVGO), Qualcomm (NASDAQ: QCOM), and Intel (NASDAQ: INTC).
Deputy Assistant Secretary for Investment Security Paul Rosen stated, "This final rule takes targeted measures to ensure that U.S. investments are not used by those who may pose a threat to national security to advance significant technology development."
"U.S. investments, which may include intangible benefits such as management support, access to investment and talent networks, often come with the flow of capital, but should not be used to help concerned countries develop military, intelligence, or cyber capabilities," he added.
Today's announcement was the final step in the process from the United States. President Joe Biden signed the presidential order regarding this issue for the first time in August 2023.
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tm_speedstyle371 : Thank you very much. It seems that there will be an impact from January 2nd.
Kimihiko OP tm_speedstyle371 : Don't you get exhausted?
Kimihiko OP tm_speedstyle371 : No matter what, there are plenty of buyers anyway.
tm_speedstyle371 Kimihiko OP : The decline even after being factored in may be temporary.