US issuing new childcare guidance for semiconductor chips subsidy program
The U.S. had imposed a slew of export restrictions late last year including a measure to cut China off from certain semiconductor chips.The Biden administration on Monday will release new guidance for its $52 billion US semiconductor manufacturing and research program detailing how companies seeking major awards must provide affordable high-quality childcare. The Commerce Department plans to begin accepting applications in late June for a $39 billion manufacturing subsidy program. The law also creates a 25% investment…