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US finalizes rules to keep CHIPS funds out of China

Summary by Ground News

The Biden Administration says it has finalized guardrails to ensure payouts from the $50 billion CHIPS Act don't flow into the hands of the Chinese. The conditions CHIPS subsidy recipients will have to comply with haven't actually changed that much since the Commerce Department first disclosed them in February. The changes that have been made clarify what investments are and aren't allowed.

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US finalizes rules to keep CHIPS funds out of China

Meanwhile, GlobalFoundries scores $3B DoD contract to fab chips for military, aerospace

2 years ago

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The Register broke the news in 2 years ago on Saturday, September 23, 2023.

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