US Says It Will Limit Size of Government Subsidy on Semiconductor Chips

US Says It Will Limit Size of Government Subsidy on Semiconductor Chips

The US Commerce Department said late on Friday it will limit the size of government subsidizes for semiconductor manufacturing and will not let firms use funding to “pad their bottom line.” On Thursday, the US House of Representatives gave final approval to legislation that provides $52 billion (nearly Rs. 4 lakh crore)…