San Francisco | The Biden administration warned US and foreign companies lining up for funding from the US Chips and Science Act that the money will come with major strings attached, including restrictions on investing in China and other countries and a limit on much-prized stock buybacks.
The US Commerce Department released the rules on Tuesday (Wednesday AEDT) ahead of doling out $US39 billion ($58 billion) in incentives, which are aimed at helping pay for semiconductor factories in the US.
