Rep. Ted Budd Introduces Bill To Stop U.S. Chip Money From Flowing To China
September 30, 2022
September 30, 2022
WASHINGTON, Sept. 30 -- Rep. Ted Budd, R-North Carolina, issued the following news release:
Rep. Ted Budd (R-NC) introduced the No Chips For China Act.
The bill prevents companies that take taxpayer funding in the CHIPS and Science Act from building or transferring any semiconductor manufacturing operations to China for 10 years.
The current CHIPS and Science Act exempts legacy semiconductors from this ban, even though legacy chips are critical to many comm . . .
Rep. Ted Budd (R-NC) introduced the No Chips For China Act.
The bill prevents companies that take taxpayer funding in the CHIPS and Science Act from building or transferring any semiconductor manufacturing operations to China for 10 years.
The current CHIPS and Science Act exempts legacy semiconductors from this ban, even though legacy chips are critical to many comm . . .