{"id":1902012,"date":"2023-03-21T11:14:46","date_gmt":"2023-03-21T15:14:46","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-administration-limits-china-investments-by-semiconductor-chip-subsidy-recipients\/"},"modified":"2023-03-21T11:20:00","modified_gmt":"2023-03-21T15:20:00","slug":"biden-administration-limits-china-investments-by-semiconductor-chip-subsidy-recipients","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-administration-limits-china-investments-by-semiconductor-chip-subsidy-recipients\/","title":{"rendered":"Biden administration limits China investments by semiconductor chip subsidy recipients"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbiden-administration-limits-china-investments-by-semiconductor-chip-subsidy-recipients%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1902012&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<div class=\"RichTextArticleBody-body RichTextBody\">\n<p>The Biden administration has announced new restrictions on investments in China by companies that receive subsidies for semiconductor production in the US through the bipartisan CHIPS Act. The restrictions, combined with export controls, are the latest measures taken by the US in the ongoing tech war with China.<\/p>\n<div class=\"Enhancement\" data-align-center>\n<div class=\"Enhancement-item\">\n<div id=\"Brid_79407022\" class=\"brid\" style=\"width:16; height:9;\" itemprop=\"video\" itemscope itemtype=\"http:\/\/schema.org\/VideoObject\">\n                <meta itemprop=\"name\" content=\"Xi and Putin say they have 'similar goals' during in-person meeting\"><br \/>\n                <meta itemprop=\"description\" content=\"Chinese President Xi Jinping touted that Beijing and Russia have 'similar goals' during his face-to-face with Russian president Vladimir Putin on Monday. Xi's visit to Moscow \u2013 his first since Russia invaded Ukraine more than a year ago \u2013 marks a significant geopolitical moment as the two authoritarian leaders converge, with a likely possibility of strengthened partnership between the countries.\"><br \/>\n                <meta itemprop=\"duration\" content=\"PT2M10S\"><br \/>\n                <meta itemprop=\"uploadDate\" content=\"2023-03-20 21:40:23\"><br \/>\n                <meta itemprop=\"thumbnailURL\" content=\"https:\/\/cdn.brid.tv\/live\/partners\/19383\/snapshot\/1266217_th_1679348468.jpg\"><br \/>\n                <meta itemprop=\"contentUrl\" content=\"https:\/\/cdn.brid.tv\/live\/partners\/19383\/sd\/1266217.mp4\">\n            <\/div>\n<p>            <script type=\"text\/javascript\">\n                var _bp = _bp || [];\n                _bp.push({\n                    \"div\": \"Brid_79407022\",\n                    \"obj\": {\n                        \"id\": \"27789\",\n                        \"width\": \"16\",\n                        \"height\": \"9\",\n                        \"video\": \"1266217\"\n                    }\n                });\n            <\/script><br \/>\n            <script type=\"text\/javascript\" async src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script>\n        <\/div>\n<\/p><\/div>\n<p>The Commerce Department has issued guardrails for companies that receive funding from the CHIPS Act, penalizing them for investing in expanding chip production in China, Russia or North Korea. The CHIPS Act provides over $53 billion in grants to US companies increasing their local chip plants. According to Commerce Secretary Gina Raimondo, the act is a national security initiative, and the newly imposed regulations will ensure that malicious actors cannot obtain cutting-edge technology to be used against the US and its allies. The act also includes rules for companies to follow, which include providing childcare for employees and detailing relationships with unions.<\/p>\n<p>Recipients of CHIPS will face restrictions and will be barred from increasing chip production in China by 5% and from increasing production of older tech by 10%. There is also a $100,000 spending cap on investments in advanced capacity in China. Commerce has said that it will help facilitate two new semiconductor factory hubs through the CHIPS Act.<\/p>\n<p>For more news, please visit <a href=\"https:\/\/www.washingtonexaminer.com\/\">The Washington Examiner<\/a>.<\/p>\n<\/div>\n<hr>\n<p><span style=\"font-size:11px\"><em>&#8220;The views and opinions expressed here are solely those of the author of the article and not necessarily shared or endorsed by Conservative News Daily&#8221;<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Biden administration laid out new restrictions on investments in China by companies that receive subsidies for semiconductor production in the U.S. through last year&#8217;s bipartisan CHIPS Act. The new limits, alongside export controls , are the latest blows dealt by the United States in a tech war between the two countries. INFLUENTIAL LAWMAKERS CALL<\/p>\n","protected":false},"author":1,"featured_media":1902013,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[4106,3620,4501,10106,12390,7041,9846,8420,10925],"class_list":["post-1902012","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner","tag-administration","tag-biden","tag-china","tag-chip","tag-investments","tag-limits","tag-recipients","tag-semiconductor","tag-subsidy"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1902012","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1902012"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1902012\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1902013"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1902012"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1902012"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1902012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}