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President Biden has signed a new executive order restricting U.S. investment in some Chinese advanced technology areas, specifically semiconductors, artificial intelligence and quantum computing, which the administration has said could benefit Beijing’s military. The Treasury Department, which will implement the measure, released a notice on Wednesday detailing plans to solicit feedback as the administration works on the rulemaking process and further defines the final outlines of what is permissible under the executive order. “This is a national security action, not…
