SUPPLEMENTARY INFORMATION:

I. Abstract

The CHIPS Act (the Act) established a manufacturing incentives program to sustain and reestablish U.S. leadership across the semiconductor supply chain. To ensure that funding provided through the CHIPS Program does not directly or indirectly benefit foreign countries of concern, the Act establishes certain conditions that must be imposed on recipients of CHIPS funds, such as restricting engagement in any significant transaction involving the material expansion of semiconductor manufacturing capacity in foreign countries of concern and prohibiting certain joint research or technology licensing efforts with foreign entities of concern. The Department of Commerce (Commerce) issued a final rule to set forth terms related to these conditions and procedures for a covered entity to notify the Secretary of any planned significant transactions that may be prohibited (15 CFR 231.302). This information collection implements the notification procedure in the final rule.

II. Method of Collection

Information will be collected electronically. Respondents submit information only when they plan a transaction subject to notification under the final rule.

III. Data

OMB Control Number: 0693-0096.

Form Number(s): None.

Type of Review: Regular submission, extension of current information collection.

Affected Public: Business or other for-profit organizations.

Estimated Number of Respondents: 25.

Estimated Time per Response: The average time per response is expected to be 2 hours.

Estimated Total Annual Burden Hours: 50 hours.

Estimated Total Annual Cost to Public: $0.

Respondent's Obligation: Required to obtain or retain benefits.

Legal Authority:15 U.S.C. 4652(a)(6).

IV. Request for Comments

We are soliciting public comments to permit the Department/Bureau to: (a) Evaluate whether the proposed information collection is necessary for the proper functions of the Department, including whether the information will have practical utility; (b) Evaluate the accuracy of our estimate of the time and cost burden for this proposed collection, including the validity of the methodology and assumptions used; (c) Evaluate ways to enhance the quality, ( printed page 66835) utility, and clarity of the information to be collected; and (d) Minimize the reporting burden on those who are to respond, including the use of automated collection techniques or other forms of information technology.

Comments that you submit in response to this notice are a matter of public record. We will include or summarize each comment in our request to OMB to approve this ICR. Before including your address, phone number, email address, or other personal identifying information in your comment, you should be aware that your entire comment—including your personal identifying information—may be made publicly available at any time. While you may ask us in your comment to withhold your personal identifying information from public review, we cannot guarantee that we will be able to do so.

91 FR 66834