Prohibiting Semiconductor Manufacturing Expansion in China with Federal Aid.
This act aims to restrict the expansion of chip manufacturing facilities in China by companies that have received financial assistance from the U.S. government. This means these companies cannot significantly increase production abroad, impacting the global technology market and national security. For citizens, this could lead to greater U.S. technological independence, but also potential changes in the availability and prices of some electronic products.
Key points
Companies receiving U.S. federal financial assistance are prohibited from materially expanding semiconductor manufacturing in China for 10 years.
The prohibition also covers the transfer, export, or sale of advanced semiconductor manufacturing capacity (sub-14 nanometer processes) to Chinese entities.
An exception exists if a company obtains an export license from the Secretary of Commerce.
Expired
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