Titanium Media App July 30 news, according to reports, the US Department of Commerce said late on Friday that it will limit the scale of government subsidies for semiconductor manufacturing, and will not allow companies to use funds to "bottom". The Commerce Department told local chip companies on Friday that subsidies would be "no more than the amount generated to ensure that projects operate within the United States," adding that the department would prevent "competitive subsidies between states and localities." The Commerce Department also pledged to prioritize among subsidies companies that "commit to invest in the development of the domestic semiconductor industry in the future" over companies that engage in share buybacks. The legislation does not prohibit companies receiving government funding from repurchasing stock, but it prohibits the use of subsidized funds for buybacks.
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