CHIPS Recipients May Need to Report Big Overseas Business Changes
Published Date: 10/23/2026
Notice
Summary
The Department of Commerce is asking for public feedback on a new info collection tied to the CHIPS Act, which supports U.S. semiconductor manufacturing. Companies getting CHIPS funds must follow rules to avoid boosting certain foreign competitors, and they’ll need to report big changes in their overseas activities. Comments are open until December 22, 2026, helping keep the program fair and focused on U.S. tech leadership.
Analyzed Economic Effects
3 provisions identified: 0 benefits, 3 costs, 0 mixed.
Restrictions on foreign expansion and partnerships
CHIPS fund recipients are restricted from engaging in any significant transaction involving the material expansion of semiconductor manufacturing capacity in foreign countries of concern and are prohibited from certain joint research or technology licensing with foreign entities of concern.
CHIPS recipients must notify planned foreign deals
If your company receives CHIPS funding, you must notify the Secretary before you do any planned transaction that is subject to the rule’s notification procedure (see 15 CFR 231.302). The rule says the notification is submitted electronically and that providing this information is required to obtain or retain CHIPS benefits.
Reporting burden: small and time-limited
The Department estimates about 25 business respondents will submit notifications, with an average of 2 hours per response, for a total annual burden of 50 hours and an estimated total annual cost to the public of $0.
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Key Dates
Department and Agencies
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