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EO Empowers Treasury to Regulate US Tech Investments in China

President Joe Biden signed an executive order Wednesday authorizing the Department of the Treasury to regulate U.S. technology investments in China and other countries of concern. The regulatory measure covers three technological sectors sensitive to national security, namely: semiconductors and microelectronics, quantum information technologies, and artificial intelligence. The EO follows extensive and thorough consultations by...

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Italy Looks to Bolster Strategic Industrial Sectors, Promote Foreign Investment Programs

The Italian government is drafting measures to support the country’s strategic industrial sectors, including microelectronics, and promote foreign investment programs worth at least $1.1 billion, Reuters reported. Citing documents it obtained, the news agency said Italy plans to provide tax breaks of approximately $689 million for five years to support research and development efforts in...

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White House Seeks Government Scrutiny of US Tech Investments in China

President Joe Biden will release this week an executive order to scrutinize outbound investments in sensitive technologies to China, according to a Reuters report. The order is designed to stop U.S. capital and expertise from supporting the development of technologies that could modernize China’s military and eventually threaten U.S. national security, the report added. Sources...

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AMD Unveils Plan to Offer Export Control-Compliant AI Chip to China

Advanced Micro Devices is considering developing an artificial intelligence chip that it can deliver to Chinese customers without violating U.S. export regulations. In October 2022, the United States introduced wide-ranging export controls against Beijing, including semiconductors built using American tools and those designed for AI applications. AMD sees its new MI300 accelerator chip for training...

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