The US puts an end to any plans Intel may have to make more chips in China

pcgamer.com:

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 than half of those funds are headed to cutting-edge facilities for today's top chips, though a smaller amount will help to ease demand for older chips and into research. 

Generally, it's about shifting what is currently a very Asia-focused manufacturing hub slightly more westward. Though banning any company from exploring options in China is certainly one other way of going about that.

One major company known to PC gamers everywhere and set to take a large sum of cash from the CHIPS Act is Intel. The company's CEO Pat Gelsinger was fiercely campaigning for the act and Intel is set to be one of the largest beneficiaries of it, considering the company's massive domestic and international chip manufacturing facilities. One of which is in Dalian, China, in fact, known as Fab 68.

Though only one of many fabs owned and operated by Intel globally, Fab 68 was very recently in line for a significant expansion—a move reportedly discouraged by the White House(opens in new tab). Now it seems the White House may have found an even stronger way to keep Intel's investment out of China, with this recent proviso for receiving CHIPS Act funds effectively putting an end to that plan or anything like it.

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