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The Biden administration will require firms seeking CHIPS Act subsidies to limit stock buybacks and share a portion of unanticipated profits with the government (New York Times)

Photo of Grace Will Grace Will February 28, 2023
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The Biden administration will require firms seeking CHIPS Act subsidies to limit stock buybacks and share a portion of unanticipated profits with the government (New York Times)
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New York Times:

The Biden administration will require firms seeking CHIPS Act subsidies to limit stock buybacks and share a portion of unanticipated profits with the government  —  In return for vast subsidies, the Biden administration is asking the chip industry to make promises about its workers and finances.



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