The requirement was approved by the U.S. Department of Commerce at the end of June. From the CHIPS Law It was among a handful of funding conditions he outlined this week after announcing he would begin accepting applications for the money. Congress passed the $280 billion measure last July as a rare show of cooperation between the two parties, and USA semiconductor has allocated $52 billion in tax credits and funds for its companies to expand local production.
According to the Financial Times, the Minister of Commerce Gina Raimondo “Buyers will have to conclude an agreement that limits their capacity to expand their semiconductor manufacturing capacity in the relevant foreign countries for 10 years after receiving the money,” he told reporters. raimondo, He did not specifically name China. But the superpower is among what the US government considers “a foreign country of concern.”
The USA has banned companies that will produce chips from opening to China!
In addition, Raimondo CHIPS Law It said its buyers “may not knowingly engage in any joint research or technology licensing effort with a relevant foreign entity involving sensitive technologies or products.”
raimondo, “The stock of the CHIPS dollar “It’s about investing in our national security, not letting these companies use our money to increase their profits.” The Commerce Department also provides affordable workers from companies that have filed more than $150 million, Raimondo said. to provide child care how they plan Ask them to summarize. In some cases, the agency may require the same buyers to return some of the money they receive from the CHIPS Act to the government if they make excess profits.