The US Commerce Department releases its plan for the $50B CHIPS Act: $28B for grants and loans, $10B for expanded manufacturing, and $11B for R&D (Ana Swanson/New York Times)

Mia Sato / The Verge:
Roblox will add age guidelines to its games, announces a new in-game ads system for brands to advertise via interactive billboards, posters, and other surfaces  —  And it’s bringing digital billboards and age guidelines to do it  —  Roblox rode a wave of pandemic-era growth to a seven-fold value increase …

Filipe Espósito / 9to5Mac:
Updated App Store guidelines say that apps may sell NFTs via IAP and display NFTs, provided that NFT ownership does not unlock in-app features  —  Following the release of iOS 16.1 and other software updates on Monday, Apple has updated the App Store guidelines to revise some existing rules and add new ones.

Ana Swanson / New York Times:
The Biden administration adds 31 Chinese companies and institutions, including YMTC, to an “unverified list”, limiting their ability to obtain regulated US tech  —  The White House is set to issue sweeping restrictions on selling semiconductors and chip-making equipment to China …

Yuvraj Malik / Reuters:
Micron plans to invest ~$15B in a new memory manufacturing fab in Idaho, spending a total of $40B in the US by 2030, with grants and credits under the CHIPS Act  —  Micron Technology Inc (MU.O) will invest about $15 billion over the next 10 years in a new memory-chip manufacturing facility in Boise …

Josh Boak / Associated Press:
The USDA announces $759M in grants and loans for 49 recipients in 24 states for rural high-speed internet access, as part of the $65B infrastructure law  —  WASHINGTON (AP) — The U.S. Department of Agriculture is making available $759 million in grants and loans to enable rural communities …