Long-Awaited Executive Order Targets U.S. Outbound Investment in China

The Biden Administration issued the long-anticipated Executive Order (E.O.) on Aug. 9, 2023, requiring notification of, and in some cases prohibiting, U.S. investments in companies engaged in the semiconductors and microelectronics, quantum information technologies and artificial intelligence (AI) sectors if such companies are located in “countries of concern” or are owned by nationals of such “countries of concern.” Although the Biden Administration has stated that the E.O. is intended to be…
By: Holland & Knight LLP