WASHINGTON — The U.S. Commerce Department released proposed guidelines Tuesday to prevent China, Russia, Iran and North Korea from benefiting from $52 billion in federal funding for semiconductor chip production.
Companies receiving a portion of the funding won't be allowed to use the funds for projects outside of the United States. Recipients will also be barred from building or significantly expanding semiconductor manufacturing facilities in the "foreign entities of concern" for the next 10 years, even with their own capital.
The Commerce Department also plans to designate certain types of chips, including those used for quantum computing, in "radiation-intensive environments" and for other military use, as "critical to national security." Funded companies will be restricted from conducting joint research or licensing technology from the foreign entities of concern.
