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Uncle Sam is this keen to keep US CHIPS funds out of China

Meanwhile, GlobalFoundries scores $3B DoD contract to fab chips for military, aerospace

The Biden Administration on Friday said it had finalized guardrails to ensure payouts from the $50 billion CHIPS Act don’t flow into the hands of the Chinese or into any other country or company of concern.…

Author: Tobias Mann. [Source Link (*), The Register]

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