U.S. ‘Guardrails’ to Limit Chipmakers’ Operations in China

(Bloomberg) — The Biden administration is set to unveil tight restrictions on new operations in China by semiconductor manufacturers that get federal funds to build in the U.S.

The $50 billion CHIPS and Science Act will bar companies that win grants from expanding output in China by 5% for advanced chips and 10% for older technology, according to officials at the Commerce Department, which will disburse the funds.