Reverse CFIUS Unveiled: Focus on China, Semiconductors, Artificial Intelligence, and Quantum Computing

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On August 9, 2023, President Biden issued an Executive Order (E.O.) ordering the issuance of outbound investment restrictions. This E.O. comes after nearly a year of anticipation (as we have documented on several occasions over the past year). This is the start of the reverse CFIUS process that has been mostly speculation (and blog articles) until yesterday……
By: Sheppard Mullin Richter & Hampton LLP
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White House Orders New Rules on U.S. Outbound Investment