U.S. finalizes semiconductor funding rules to prevent access by China

The U.S. Commerce Department issued final rules for $52 billion in semiconductor subsidies that aim to prevent China from benefiting.
The rules restrict recipients from joint efforts and technology sharing with foreign entities of concern like China.
Violations could result in the Commerce Department reclaiming awarded funding from companies.
The rules prohibit significant expansion of chip manufacturing in foreign countries of concern for 10 years.
Certain semiconductors were classified as critical to U.S. national security, triggering tighter restrictions.