Ministry of CommerceRules will be announced this month to limit the activities in China of companies receiving $52 billion in US semiconductor grants.
Ministry of CommercePiece“The purpose of the guardrail is to ensure that US taxpayer dollars do not go to China, Russia, North Korea andIranWith technology or manufacturing doubts of other countries, the validity period is ten years. ,
In addition, grantees cannot knowingly engage in joint research or technology licensing of advanced technologies or technologies that pose a threat to national security, Du said. The so-called proposed rulemaking announcement will provide more details on guardrails, and the Commerce Department is seeking feedback from companies and allies such as the European Union, South Korea and Japan, which also provide incentives to bolster the chip industry, she said.
The Chips and Science Act, which the US signed into law last year, aims to reward US semiconductor production, which has shifted to Asia for decades. Semiconductor industry insiders said the $52 billion stimulus and subsidy program has spurred at least 40 projects and nearly $200 billion in private investment.
“Because many countries are rewarding local manufacturing, the US Department of Commerce is seeking to work with allies to create an international coalition to accelerate these efforts,” Davey said. There is a real need to coordinate stimulus programs to avoid the risk of oversupply, she said.