U.S. Treasury Department limits American investments in dual-use technology in China

11:30 - 29.10.2024


October 29, Fineko/abc.az. The U.S. Treasury Department has published on its website rules designed to limit American investments in technologies that can be used in the military sphere of China and some other countries.

"Countries of concern are using U.S. investments in a way that could lead to accelerated development of sensitive technologies and products that undermine our national security interests," White House’s statement says, regarding the publication of the rules.

ABC.AZ reports that the White House noted that "the Administration is committed to ensuring America's security by preventing China from developing key technologies that are crucial for the modernization of its armed forces".

The rules mention semiconductors, microelectronics, quantum information technologies, and artificial intelligence, as these technologies can become the basis for new products in the military sphere.