President Biden issued a long-awaited executive order, “Addressing United States Investments in Certain National Security Technologies and Products in Countries of Concern” (the Executive Order or E.O.), on August 9, 2023, highlighting the risks these technologies and products pose to U.S. national security and marking the latest round in the ever-increasing competition between the United States and China. The E.O. directs the promulgation of regulations restricting U.S. investment in the Chinese technology sector, which are expected to be effectuated swiftly. The Executive Order also directs the U.S. secretaries of state and commerce to work “with allies and partners regarding […]

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By Donato