The U.S. has banned companies who receive money from a recently passed semiconductor bill from building new facilities in China , Radar has learned. Article continues below advertisement Speaking with reporters right after Labor Day at a White House briefing, Secretary of Commerce Gina Raimondo said any company that receives CHIPS funding cannot use the money for either stock buybacks or investment in other countries. “ Companies who receive CHIP funds can’t build leading – edge or advanced technology facilities in China for a period of 10 years,” she explained by way of example. “ Companies who receive the money…