US Issues Rules to Prevent Semiconductor Subsidies Benefiting China

The US Commerce Department issued final rules to prevent semiconductor manufacturing subsidies from benefiting China and other national security concerns. These rules establish 'guardrails' for the $39 billion in subsidies under the CHIPS and Science Act. Recipients are prohibited from expanding semiconductor manufacturing in China or Russia, and from participating in collaborative research or technology licensing with foreign entities of concern. The rules also allow the department to reclaim awards if not followed. Commerce Secretary Gina Raimondo stressed vigilance to ensure no funding supports China's technological progress. The final rules are the last step before distributing subsidies.

The US Commerce Department issued final rules to prevent semiconductor manufacturing subsidies from benefiting China and other national security concerns. These rules establish 'guardrails' for the $39 billion in subsidies under the CHIPS and Science Act. Recipients are prohibited from expanding semiconductor manufacturing in China or Russia, and from participating in collaborative research or technology licensing with foreign entities of concern. The rules also allow the department to reclaim awards if not followed. Commerce Secretary Gina Raimondo stressed vigilance to ensure no funding supports China's technological progress. The final rules are the last step before distributing subsidies.

The US Commerce Department issued final rules to prevent semiconductor manufacturing subsidies from benefiting China and other national security concerns. These rules establish 'guardrails' for the $39 billion in subsidies under the CHIPS and Science Act. Recipients are prohibited from expanding semiconductor manufacturing in China or Russia, and from participating in collaborative research or technology licensing with foreign entities of concern. The rules also allow the department to reclaim awards if not followed. Commerce Secretary Gina Raimondo stressed vigilance to ensure no funding supports China's technological progress. The final rules are the last step before distributing subsidies.

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