US Moves to Keep Advanced Semiconductor Technology Out of China

08.09.2022, 08:24 voanews.com

Companies that accept U.S. funding under a plan to build up America's computer chip-making capacity will be barred from establishing advanced fabrication facilities in China for 10 years, the administration of President Joe Biden announced this week. The Commerce Department rolled out its plan to distribute $50 billion provided by the CHIPS Act, which Biden signed into law last month. In an appearance at the White House on Tuesday, Commerce Secretary Gina Raimondo said the rules include specific language on transferring technology to China.