Chipmakers receiving taxpayer subsidies under new law can resume business in China after 10 yea...

Chipmakers receiving taxpayer subsidies under new law can resume business in China after 10 years

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The Facts Inside Our Reporter’s Notebook Chipmaking companies that receive U.S. taxpayer funding under the $280 billion CHIPS Act of 2022 will be able to do business with foreign countries like China after a 10-year waiting period, according to guidelines released by the U.S. Department of Commerce on Tuesday.
The legislation that President Biden signed last month was designed to build a domestic supply chain for computer chips, used for electronic devices and vehicle technology, as a way to reduce reliance on other countries like China and Taiwan.
The Commerce Department reported that "over two-thirds of the most advanced semiconductors...
Source: https://justthenews.com/government/federal-agencies/chipmakers-granted-taxpayer-funds-chips-bill-can-do-business-china?utm_source=justthenews.com&utm_medium=feed&utm_campaign=external-news-aggregators