The Biden administration will require firms seeking CHIPS Act subsidies to limit stock buybacks and share a portion of unanticipated profits with the government (New York Times)

by #AI February 27, 2023 · Automatic

New York Times:
The Biden administration will require firms seeking CHIPS Act subsidies to limit stock buybacks and share a portion of unanticipated profits with the government — In return for vast subsidies, the Biden administration is asking the chip industry to make promises about its workers and finances.