(AGENPARL) - Roma, 14 Marzo 2023 - (AGENPARL) – mar 14 marzo 2023 You are subscribed to Collected Releases for U.S. Department of State. This information has recently been updated, and is now available.
03/14/2023 05:01 PM EDT
Office of the Spokesperson
Semiconductors and telecommunications networks are critical sectors of the global economy. Securing and strengthening the United States’ long-term economic security and stability hinges on the ability to stabilize and expand global semiconductor manufacturing; secure semiconductor supply chains; and develop and deploy secure and trustworthy ICT networks and services.
The International Technology Security and Innovation Fund (“ITSI Fund”) appropriated under the CHIPS Act of 2022 provides the Department with $500 million ($100 million per year over five years, starting in Fiscal Year 2023) to address these objectives through new programs and initiatives with our allies and partners.
Semiconductors: U.S. leadership and strong international cooperation are critical to maintaining a stable, reliable supply chain for semiconductors. No single country, including the United States, can produce or onshore every part of the semiconductor supply chain. To support U.S. semiconductor fabrication and reliable access to the finished microchips that Americans and people around the world depend on, it is vital that the United States collaborate with partners and allies to ensure upstream and downstream components of the semiconductor supply chain are sufficiently diversified, resilient, and secure.
The ITSI Fund provides critical resources to enable the United States to deepen cooperation with allies and partners to ensure that the technologies of the future will reinforce our shared economic and national security.
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