The U.S. Department of Commerce Finalizes the CHIPS Act’s Guardrails to Curb National Security Risks

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On September 25, 2023, the U.S. Department of Commerce (“Commerce”) issued the final rule (the “Final Rule”) regarding the use of funds offered under the CHIPS and Science Act (the “CHIPS Act”). The Final Rule incorporates many changes to the proposed rule published in March 2023, including the possibility of mitigation measures imposed at the time of entry into a required agreement and/or if there are violations of a required agreement….
By: Dechert LLP
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