US finalises rules to prevent China from benefiting from US52 billion in chips funding

US finalises rules to prevent China from benefiting from US52 billion in chips funding

WASHINGTON: The US Commerce Department on Friday (Sep 22) is issuing final rules to prevent semiconductor manufacturing subsidies from being used by China and other countries deemed to pose American national security concerns. The regulation is the final hurdle before the Biden administration can begin awarding US$39 billion in subsidies…Read More

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