The U.S. prevents China and other countries seen as adversaries from profiting from the use of $52 billion in semiconductor subsidies.
[Financial Channel/Comprehensive Report] The U.S. Department of Commerce issued proposed rules on Tuesday (21st) to prevent China and other countries regarded as U.S. rivals from using $52 billion in semiconductor manufacturing and research funds.
The proposal would limit recipients of U.S. funding to invest in foreign manufacturing expansions of concern, such as China and Russia, and restrict recipients of grant money from conducting joint research or technology licensing work with foreign entities of concern.
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The U.S. also classifies some semiconductors as critical to national security and defines those chips as non-traditional chips, including advanced manufacturing chips for quantum computing, radiation-dense environments and other specialized military uses, which will be subject to stricter restrictions limits.
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