US lawmakers have introduced a new bipartisan bill aimed at preventing companies that receive federal funding under the CHIPS Act from purchasing Chinese-made semiconductor equipment. The bill, known as the Chip EQUIP Act, seeks to bolster national security by ensuring that U.S. semiconductor tools remain the world’s best. The legislation was introduced by Senators Mark Kelly and Marsha Blackburn, and Representatives Frank Lucas and Zoe Lofgren, who introduced the House version. So far, ten companies, including Intel, TSMC, Samsung, and Micron, have received preliminary CHIPS Act awards.
Two years ago, Congress passed the CHIPS Act to shore up semiconductor manufacturing in the U.S. and out of communist China. But, that bill was filled with burdensome DEI regulations and has been COMPLETELY ineffective for our manufacturing industry.
.@RepFrankLucas & @RepZoeLofgren introduced the House version of the EQUIP Act, a bill from @SenMarkKelly & @MarshaBlackburn, which closes key loopholes by barring companies that receive CHIPS & Science Act funding from purchasing #CCP manufacturing tools. https://t.co/GRwwDpZ5Nj
As we revitalize U.S. semiconductor manufacturing, we must also stop foreign adversaries from infiltrating American microchip facilities. The Chip EQUIP Act will bolster national security and ensure that U.S. semiconductor tools remain the world’s best. https://t.co/kjJski9jHQ
US lawmakers want to prevent companies that win federal chipmaking funds from using Chinese-made equipment at government-backed factories. https://t.co/tg4aldAQld
Scoop: New bipartisan bill would bar Chips Act winners from buying Chinese-made semiconductor equipment for federally-funded US factories Ten companies have gotten preliminary Chips Act awards so far, including Intel, TSMC, Samsung & Micron https://t.co/FQFXXc376c
LAWMAKERS AIM TO BAR CHIPS ACT WINNERS FROM USING CHINESE TOOLS.