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National security ‘guardrails’ issued for US semiconductor funding
Sept. 22, 2023, 6:47 p.m. |
The Record by Recorded Future therecord.media
The U.S. Commerce Department on Friday released national security “guardrails” for businesses that seek federal funding under bipartisan legislation intended to boost domestic semiconductor manufacturing. One regulation prohibits companies helped by last year’s CHIPS and Science Act from “expanding material semiconductor manufacturing capacity in foreign countries of concern,” such as China and Russia, for 10
act briefs businesses china chips commerce commerce department companies countries department federal funding government industry legislation manufacturing material national national security regulation science security semiconductor under
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