A U.S. treasury official has announced that U.S. investment and hiring specialists in Chinese companies working in advanced semiconductor chips, artificial intelligence and quantum computing will be curtailed. Here are the new steps taken in the China-US competition
US announces it will impose investment restrictions on China
Paul Rosen, who is in charge of investment security at the US Treasury, said in a session of the Senate Banking Committee today that they are working on restricting the employment of specialists and US investment in certain sectors and sub-sectors such as “semiconductor, artificial intelligence and quantum computing”. Pointing to the leak of information to China on the subject and the disproportionate growth of military power, Rosen stated that the works will be completed soon.
Answering a question about the developments regarding Huawei’s situation in the session held, Paul Rosen underlined that they have not taken a decision on this issue yet and that every issue will be carefully analyzed along with other agenda items.
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Currently, US officials are closely examining the flow of exports to China and interfering when deemed necessary to ensure security. Authorities said last year that demands to halt sales that would further Beijing’s militarization were met. twenty-five percent stated that it was rejected.
The development in question is an important turning point for the world of technology and artificial intelligence. This step taken by the USA against its rival in order to take the ropes in this arena will greatly affect the progress of China, which is an important technology country in the world. It seems that the USA will continue to take every necessary step to remain the “technology leader”. Although it is thought that the decision to be taken will directly affect the international economic balance, the USA seems quite determined.
So, what do you think about this issue? Do you think these decisions can affect Huawei as well? You can share your views with us in the comments section.