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.