Commerce Dept. proposes ‘national security guardrails’ for incentives under CHIPS program

The Commerce Department in a new regulatory proposal establishes a series of “national security guardrails” around $39 billion in CHIPS Act incentives for domestic production of semiconductors, designed to ensure the benefits do not flow to “malign actors.”

“The proposed rule offers additional details on national security measures applicable to the CHIPS Incentives Program included in the CHIPS and Science Act, limiting recipients of funding from investing in the expansion of semiconductor manufacturing in foreign countries of concern,” Commerce said...