Sen. Elizabeth Warren (D-MA) and a group of other Democratic lawmakers are calling for new rules to stop corporations from using funding provided by last year’s major bipartisan semiconductor manufacturing subsidies bill to engage in stock buybacks rather than the build-out of factories as Congress hoped.

Recommended Stories

US-China chip war risks ‘enormous damage’ to tech industry, Nvidia CEO says

Semiconductor industry turns around: Chip inventory increases as sales diminish

Biden requirements could undercut bipartisan chip subsidies meant to counter China