Robert Besser
24 Mar 2023, 14:37 GMT+10
WASHINGTON D.C.: The US Commerce Department has proposed new laws aimed at preventing China and other countries deemed of concern from using US semiconductor manufacturing and research funding worth $52 billion.
Also, recipients of US funding will be prohibited from investing in the expansion of semiconductor manufacturing in foreign countries considered unfriendly, such as China and Russia, while recipients of incentive funds will be restricted from engaging in joint research or technology licensing work with these countries.
As they are critical to national security, some semiconductors will also be defined as not being legacy chips and therefore will be subject to tighter restrictions.
This measure covers chips "including current-generation and mature-node chips used for quantum computing in radiation-intensive environments, and for other specialized military capabilities."
"These guardrails will help ensure we stay ahead of adversaries for decades to come," said Commerce Secretary Gina Raimondo.
In late June, the department will begin accepting applications for a $39-billion semiconductor manufacturing subsidy program.
The law will also create a 25 percent investment tax credit for construction of chip plants, worth some $24 billion.
To slow Beijing's technological and military advances, in October the Commerce Department issued new export controls to prevent China from having access to certain semiconductor chips made anywhere in the world with US equipment.
The new rules are a follow up to letters sent in 2022 to leading toolmakers KLA, Lam Research and Applied Materials, which required them to stop shipments of equipment to wholly Chinese-owned factories that produce advanced logic chips.
Get a daily dose of Mexico Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Mexico Star.
More InformationIn what could be a preview of their strategies for the 2024 presidential election, both President Joe Biden and former ...
Venice's history, art and architecture attract an estimated 20 million visitors every year. The city, a Unesco World Heritage site, ...
GUATEMALA CITY - Heavy rains set off a landslide in Guatemala's capital early Monday sweeping several humble homes into a ...
BANGKOK - Organized crime gangs behind Asia's so-called 'scamdemic' have set up remote bases in Myanmar's border area with China ...
New York [US], September 26 (ANI): Sri Lankan Foreign Minister Ali Sabry said that India and Sri Lanka need to ...
Lyon, France - It wasn't the deadliest attack in Europe linked to the Islamic State group, but it was among ...
MADISON, Wisconsin: Last week, five flamingos were seen along a Lake Michigan beach in Wisconsin, attracting a large crowd of ...
LONDON, UK: The UK government said over the weekend that it could downscale the scope of the High Speed 2 ...
LAHAINA, Hawaii: This week, officials are expected to begin lifting restrictions on entry to the burn zone in Lahaina, Hawaii, ...
LONG ISLAND, New York: On Thursday, a bus carrying members of a high school marching band traveling to a music ...
GAINESVILLE, Florida: Local police report stopping children, ages 10 and 11, who had driven their family car 200 miles, in ...
Washington, D.C.: This week, the U.S. Court of Appeals for the Federal Circuit suspended 96-year-old Judge Pauline Newman from hearing ...