The US is tightening China’s rules for semiconductor makers that receive CHIPS Act funding

The Biden administration is set to unveil tight restrictions on new business in China by semiconductor manufacturers that receive federal funds to build in the United States.

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