NEW YORK — A long-awaited vetting program for U.S. investments in Chinese technology such as chips and artificial intelligence is about to take off, but faces an uncertain future if it is not implemented before a new administration takes office in January.
The foreign investment vetting mechanism seeks to prevent new American investment in semiconductors, artificial intelligence and quantum computing considered critical to US national security. The 60-day review period granted by the Treasury Department is over — considered the last step before implementation.