US takes another swipe at Chinese chip industry ...News

The Biden administration has proposed new restrictions to ensure that its semiconductor funding doesn’t benefit Beijing President Joe Biden’s administration has taken another step in its campaign to block China from obtaining advanced semiconductor technology, proposing new restrictions to prevent US government funding from benefiting the Chinese chipmaking industry. The US Department of Commerce proposed the new rules on Tuesday, saying they would help ensure that the government’s $52 billion semiconductor fund bolsters the national security of Washington and its allies. The so-called “guardrails” are intended to

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