Overview

• 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.