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( 09/07/2022)

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Biden administration: none of US tech companies that receive federal funding are allowed to build "advanced technology" facilities in China for 10 years

All US tech companies that receive federal funding are not allowed to build "advanced technology" facilities in China for 10 years

US Commerce Secretary Gina Raimondo: We're going to be implementing the guardrails to ensure those who receive CHIPS funds cannot compromise national security... they're not allowed to use this money to invest in China, they can't develop leading-edge technologies in China.... for a period of ten years!

Opinion: What is about the private US companies?

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