The Chips and Science Act bars companies that get US federal funding from adding production of advanced chips in China, impacting Intel, TSMC, and others (Bloomberg)

Bloomberg:
The Chips and Science Act bars companies that get US federal funding from adding production of advanced chips in China, impacting Intel, TSMC, and others  —  As the US Congress passed an historic $52 billion federal program to boost domestic chipmaking capabilities, it included one significant caveat …