The US imposes new rules requiring that CHIPS Act beneficiaries agree not to expand manufacturing capacity in “countries of concern”, like China, for 10 years (Demetri Sevastopulo/Financial Times)

Demetri Sevastopulo / Financial Times:
The US imposes new rules requiring that CHIPS Act beneficiaries agree not to expand manufacturing capacity in “countries of concern”, like China, for 10 years  —  Commerce department imposes new rules on beneficiaries of $39bn programme  —  Chipmakers must agree not to expand capacity …