§ 231.301 Procedures for notifying the Secretary of significant transactions.
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Title 15 CFR: Commerce and Foreign Trade › Chapter II: NATIONAL INSTITUTE OF STANDARDS AND TECHNOLOGY, DEPARTMENT OF COMMERCE › Part 231: CLAWBACKS OF CHIPS FUNDING › Subpart C: Notification, Review, and Recovery › § 231.301: § 231.301 Procedures for notifying the Secretary of significant transactions.
Text
During the 10-year period beginning on the date of the Federal financial assistance award under 15 U.S.C. 4652, the covered entity shall submit a notification to the Secretary regarding any planned significant transactions of the covered entity or members of the affiliated group that may involve the material expansion of semiconductor manufacturing capacity in a foreign country of concern, regardless of whether the covered entity believes the transaction falls within an exception in 15 U.S.C. 4652(a)(6)(C)(ii). A notification must include the information set forth in § 231.302 and be submitted to
notifications@chips.gov.
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