{"id":1985142,"date":"2023-07-28T13:54:02","date_gmt":"2023-07-28T17:54:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-considering-executive-order-to-limit-sales-of-artificial-intelligence-and-semiconductors-to-china\/"},"modified":"2023-07-28T13:56:11","modified_gmt":"2023-07-28T17:56:11","slug":"biden-considering-executive-order-to-limit-sales-of-artificial-intelligence-and-semiconductors-to-china","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-considering-executive-order-to-limit-sales-of-artificial-intelligence-and-semiconductors-to-china\/","title":{"rendered":"Biden mulls executive order curbing AI and semiconductor sales to China."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbiden-considering-executive-order-to-limit-sales-of-artificial-intelligence-and-semiconductors-to-china%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1985142&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>President Biden to Sign Executive Order \u2062Limiting US Investments in China&#8217;s Key Technologies<\/h2>\n<p>President Joe\u200b Biden is reportedly planning to sign an executive order that will\u2062 have significant implications for United States investments in\u2062 key technologies in \u200bChina. This move\u2062 marks a\u200b further escalation in the ongoing antagonism between the two countries, particularly concerning semiconductor chips and other advanced tech.<\/p>\n<p>The\u200b executive order will specifically focus on three crucial areas: \u200dsemiconductors, quantum computing, and artificial intelligence. According to Bloomberg, while existing investments will remain unaffected, certain new investments will \u200bbe prohibited. The White House is currently considering releasing\u2062 the order in mid-August, although \u200cinternal discussions may potentially delay its \u200cimplementation. It is important to note that if the restrictions are indeed implemented, they will not \u200dgo into\u200c effect until 2024.<\/p>\n<h3>Decline in Inflation to 3% in June, According to Key Gauge Watched by \u200cFed<\/h3>\n<p>The United States \u2064and China have been engaged in a \u200bfierce battle over semiconductors and the components necessary for <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/suicide-drones-attack-highly-sensitive-military-site-deep-inside-iran-report\/\" title=\"Suicide Drones Attack \u2018Highly Sensitive Military Site\u2019 Deep Inside Iran: Report\">advanced military technology<\/a> for nearly a year. The\u200c United States has been actively reducing its \u2062chip exports to\u200b China \u2064while simultaneously striving \u200dto <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-considering-executive-order-to-limit-sales-of-artificial-intelligence-and-semiconductors-to-china\/\" title=\"Biden mulls executive order curbing AI and semiconductor sales to China.\">enhance domestic chip production capabilities<\/a>.<\/p>\n<p>In October 2022, the Commerce Department introduced rules that placed numerous Chinese \u200bcompanies on an &#8220;unverified&#8221; \u200clist, significantly limiting their ability to purchase or acquire semiconductors and advanced technology without a\u200c license. Additionally, Congress passed the CHIPS Act in 2022, allocating over $52 billion \u2062to subsidize domestic chip production. As a result, Commerce Secretary Gina Raimondo announced plans to establish at least two new <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-administration-limits-china-investments-by-semiconductor-chip-subsidy-recipients\/\" title=\"Biden administration limits China investments by semiconductor chip subsidy recipients\">semiconductor factory hubs<\/a> using the funds provided by the CHIPS Act. In \u200dMarch, President Biden also \u200dannounced stricter criteria for Chinese companies to receive \u2062CHIPS\u2063 funding.<\/p>\n<p>In early \u2063July, Treasury Secretary \u2064Janet Yellen visited\u200c China and engaged in discussions with Chinese officials regarding the treatment of U.S. companies in the country.<\/p>\n<p>China, on the\u2062 other hand, has implemented its\u200b own restrictions in response. In early July, the country imposed limitations on gallium and germanium, two metals crucial for high-level chip\u2064 manufacturing, citing\u200b national security concerns. Furthermore, China banned the use\u2062 of chips from U.S. chip maker Micron \u200bin May.<\/p>\n<p>It is worth noting that the Chinese government has also reduced its funding for chip manufacturing \u200bimprovements, potentially hindering the country&#8217;s ability to keep pace with the United States in chip development.<\/p>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\">CLICK HERE TO READ MORE FROM THE \u200dWASHINGTON EXAMINER<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden is set to sign an executive order curbing US investments in crucial Chinese technologies, intensifying the ongoing conflict over semiconductor chips and advanced tech. Bloomberg reports that the order will primarily target semiconductors, quantum computing, and artificial intelligence. However, it won&#8217;t impact other sectors.<\/p>\n","protected":false},"author":1,"featured_media":1985143,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-1985142","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1985142","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1985142"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1985142\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1985143"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1985142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1985142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1985142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}