BidenHarris Administration Announces Final National Security ...
The US Department of Commerce has finalized guardrails to ensure manufacturing and technology investments under the CHIPS Act bolster technological and national security. The rule prohibits CHIPS funds recipients from expanding semiconductor manufacturing capacity in foreign countries of concern for ten years and restricts recipients from certain joint research or technology licensing efforts with foreign entities of concern. The rule aims to enhance global supply chain resilience in coordination with allies and partners. The CHIPS and Science Act is part of President Biden's agenda for strengthening economic and national security.
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