Biden Wants Chipmakers Getting US Aid to Curb China Investments
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The White House supports prohibiting semiconductor companies from expanding certain investment in China if they take new subsidies to build plants in the US under legislation the Senate’s set to begin debating Tuesday.
“We continue to support strong guardrails” in the legislation, White House Press Secretary Karine Jean-Pierre said Monday, referring to a provision of the bill that would limit China investments for companies that take some of the $52 billion the measure would dedicate toward US semiconductor manufacturing.