US bars ‘advanced tech’ corporations from building China factories for 10 several years

“We are likely to be utilizing the guardrails to make certain all those who obtain CHIPS resources are unable to compromise national stability… they’re not allowed to use this money to invest in China, they won’t be able to develop top-edge systems in China…. for a interval of 10 decades,” in accordance to US Commerce Secretary Gina Raimondo., outlining the US Chips and Science Act.

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