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The US imposes new rules requiring that CHIPS Act beneficiaries agree not to expand manufacturing capacity in "countries of concern", like China, for 10 years (Demetri Sevastopulo/Financial Times)

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Demetri Sevastopulo / Financial Times:

The US imposes new rules requiring that CHIPS Act beneficiaries agree not to expand manufacturing capacity in “countries of concern”, like China, for 10 years  —  Commerce department imposes new rules on beneficiaries of $39bn programme  —  Chipmakers must agree not to expand capacity …



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