Lawmakers: CHIPS Act funding needs ‘guardrails’

Funding for the Creating Helpful Incentives to Produce Semiconductors in America Act should be accompanied by “strong guardrails” before being enacted, two House lawmakers said on Tuesday, with one suggesting export restrictions or even an outbound investment review mechanism. The CHIPS Act, enacted on Jan. 1, authorizes the creation of domestic semiconductor incentive programs that have not yet been funded. The Senate in June passed the U.S. Innovation and Competition Act, which included $52 billion in CHIPS Act funding over...