US imposes rules to guard chip subsidies against China
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The United States' Commerce Department has issued final rules to prevent semiconductor manufacturing subsidies from being used by China and other countries deemed to pose American national security concerns. These regulations represent the last hurdle, before the Biden administration can begin allocating $39 billion in subsidies for semiconductor production under the groundbreaking "Chips and Science" law. The move is part of a broader effort to maintain America's technological edge while addressing security concerns.