to prevent China and other countries it deems to be of concern from tapping funds of $52 billion earmarked for semiconductor manufacturing and research under the so-called CHIPS Act.
The filing gave no further details, but the South's Yonhap news agency said Seoul had asked to raise the limit to 10%.The United States has said the incentives aim to help restore America's leadership in semiconductor manufacturing, boost employment and ensure economic and national security. "Potential CHIPS Act funding recipients have numerous existing legacy facilities in China," an industry group, the Semiconductor Industry Association, said.
Source: News Formal (newsformal.com)
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