U.S. Treasury Finalizes October 28 Executive Order to Block Investments in China's Military Technology, Targeting Nvidia

Oct 29, 2024, 07:34 PM

The U.S. Department of the Treasury has finalized regulations aimed at restricting American investments in certain technologies and products that may enhance China's military capabilities. This rule, implemented under an executive order from the Biden-Harris administration, specifically targets transactions that could support the development of advanced military technologies in China. Notably, companies such as Nvidia may be adversely affected by these restrictions, as they operate within the semiconductor sector, which is critical to military advancements. The new regulations reflect ongoing concerns regarding national security and the implications of U.S. investments in foreign technologies.