NEW YORK -- The long-awaited screening program for U.S. investments in such Chinese technology as chips and artificial intelligence is nearing implementation but faces an uncertain future if not put in place before a new administration takes office in January.
The outbound investment screening mechanism seeks to curb new American investment in semiconductors, AI, and quantum computing, technology deemed critical to U.S. national security. A 60-day feedback period issued by the Treasury Department has been completed -- considered a final step before implementation.
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