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Reading: Bill Aims to Block Aid for Companies That Build Advanced Chips in China
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The Wall Street Publication > Blog > Tech > Bill Aims to Block Aid for Companies That Build Advanced Chips in China
Tech

Bill Aims to Block Aid for Companies That Build Advanced Chips in China

Editorial Board Published July 18, 2022
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Bill Aims to Block Aid for Companies That Build Advanced Chips in China
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WASHINGTON—A bill providing roughly $52 billion to boost U.S. semiconductor manufacturing would impose so-called guardrails aimed at ensuring adversarial countries such as China don’t benefit too, according to the draft legislation.

The chip legislation has been narrowed from a broader bill to help the U.S. better compete in advanced technology, and details are still being hashed out ahead of expected procedural votes in the Senate as soon as Tuesday.

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