US Pressure Intensifies: Semiconductor Companies Receiving Subsidies Prohibited from Purchasing Chinese Equipment for 10 Years
1. Background and Specifics of the Legislation According to reports from multiple media outlets including Reuters, this bipartisan legislation was jointly proposed in the House of Representatives by Republican Congressman Jay Obernolte and Democratic Congresswoman Zoe Lofgren. A Senate version is also being developed by bipartisan senators, including Senator Mark Kelly and Marsha Blackburn. The … Read more