Biden administration finalizes rules to prevent CHIPS Act money from reaching China

The Commerce Department released the final rule implementing the national security guardrails of the CHIPS and Science Act on Friday. It expands on two provisions of the statute. The first is that fund recipients are prohibited from expanding their semiconductor manufacturing capacity, which includes wafer production, in foreign countries of...

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act administration biden biden administration china chips chips act commerce commerce department department fund manufacturing money national national security rules science security semiconductor