U.S. Bill Blocks Chinese Chip Equipment Purchases

Bipartisan bill in U.S. House seeks to block companies receiving CHIPS Act grants from buying Chinese chipmaking equipment for ten years, aiming to prevent U.S. government funds from indirectly supporting Chinas chip industry. The bill, supported by lawmakers like Jay Obernolte, Zoe Lofgren, Mark Kelly, and Marsha Blackburn, is a response to Chinas growing investment in chip manufacturing equipment and concerns about existing export restrictions hurting American chip equipment makers. The bill includes exceptions and only applies to imports into the U.S., signaling ongoing efforts to strengthen the U.S. semiconductor supply chain and reduce reliance on foreign adversaries.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.