US Implements National Security Measures for CHIPS Act Funding to Counter China's Benefit.
TL;DR Summary
The US Department of Commerce has released a Notice of Proposed Rulemaking for the guardrails included in the CHIPS Incentives Program to advance America’s technological and national security. The proposed rule offers additional details on national security measures applicable to the CHIPS Incentives Program included in the CHIPS and Science Act, limiting recipients of funding from investing in the expansion of semiconductor manufacturing in foreign countries of concern. The statute identifies those countries as the People’s Republic of China (PRC), Russia, Iran, and North Korea.
Topics:business#chips-act#export-controls#innovation#national-security#semiconductor-manufacturing#technology
- Commerce Department Outlines Proposed National Security Guardrails for CHIPS for America Incentives Program US Department of Commerce
- U.S. seeks to prevent China from benefiting from $52 billion chips funding Yahoo! Voices
- US Tightens China Rules for Semiconductor Makers Getting CHIPS Act Funding Bloomberg
- Chip Makers Find Out How to Get 25% Investment Tax Credit The Wall Street Journal
- Let the Semiconductor Cost Overruns Begin National Review
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