Search Results for keywords:"chip equip act"

Search Results: keywords:"chip equip act"

H. R. 8826 — To prohibit covered entities that receive financial assistance relating to semiconductors from purchasing certain semiconductor manufacturing equipment from foreign entities of concern or subsidiaries of foreign entities of concern, and for other purposes.
June 25, 2024
Status:Introduced in House
Congress:118
Words:1,251
H.R. 8826, known as the “Chip EQUIP Act,” aims to prevent companies that receive financial assistance for semiconductor projects from buying certain semiconductor manufacturing equipment from foreign entities considered concerning. The bill defines which equipment is ineligible and includes...
Simple Explanation
The Chip EQUIP Act is a plan to stop certain companies from buying special computer chip-making machines from countries that might not be safe, unless there aren't enough good machines available from safe countries.
S. 5002 — To prohibit covered entities that receive financial assistance relating to semiconductors from purchasing certain semiconductor manufacturing equipment from foreign entities of concern or subsidiaries of foreign entities of concern, and for other purposes.
September 10, 2024
Status:Introduced in Senate
Congress:118
Words:778
S. 5002, also known as the "Chip EQUIP Act," aims to prevent entities in the U.S. that receive federal financial assistance for semiconductor-related activities from purchasing certain types of semiconductor manufacturing equipment from foreign entities deemed concerning. The bill outlines...
Simple Explanation
The Chip EQUIP Act is like a rule that says companies in the U.S. who get help with money for making computer chips can't buy certain tools from countries we don't trust. If they really need those tools and can't get them from safer places, they might get special permission to buy them anyway.

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