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) , and will last for 10 years. This act aims to increase domestic manufacturing of semiconductors with an influx of $50B across companies that apply. More than half of those funds are headed to cutting-edge facilities for today's top chips, though a...