Sites Publishing The News 2/2 allusanewshub.com Audio player loading… The US is banning some major US chipmaking companies from building "advanced technology facilities '' in China , the Biden administration has announced ( opens in new tab ) . The ban will apply to any company that receives funding as a part of the CHIPS and Science Act , which was approved by the US Congress in August ( opens in new tab ) , and will last for 10 years. This act aims to increase domestic manufacturing of semiconductors with an influx of $50B across companies that apply. More...