Intel will be banned from building fabs in China for a decade if it accepts any CHIPS Act cash. Which it absolutely will. (Image credit: Intel) 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). This act aims to increase domestic manufacturing of semiconductors with an influx of $50B in cash into…