U.S. Sets Restrictions on $53 Billion Chips Act

P.M. Edition for Feb. 28. The U.S. has unveiled a tough set of restrictions on the Chips Act, designed to incentivize domestic investment and production in the semiconductor industry. WSJ reporter Yuka Hayashi, who covers trade and the international economy, joins host Annmarie Fertoli to talk about the restrictions - and whether they might limit U.S. investment. Plus, Sotheby’s is courting buyers for sneakers worn by Michael Jordan during the six NBA championship-clinching games he won with the Chicago Bulls in the 1990s. Learn more about your ad choices. Visit megaphone.fm/adchoices