Semiconductors and telecommunications networks are important sectors of the global economy. To support U.S. semiconductor fabrication and reliable, secure access to finished microchips, the United States will collaborate with partners and allies to ensure all components of the semiconductor supply chain are diversified, resilient and secure.
ITSI provides resources that help the United States deepen its cooperation with allies and partners to ensure that the technologies of the future will reinforce shared economic and national security. The money will also boost the State Department’s Digital Connectivity and Cybersecurity Partnership, which — with American partners and allies — helps countries enjoy the benefit of a vibrant digital economy with secure and trustworthy ICT infrastructure and services. The funding will cover three areas:
Although the semiconductor was invented in the United States, many American companies have moved manufacturing jobs overseas, President Biden said. The U.S. depends on East Asia for 75% of global product manufacturing capacity.
“Folks, we need to make these chips right here in America to bring down everyday costs and create good jobs,” Biden said.
The act will also boost American manufacturing, supply chains and national security, while investing in research and development, science and technology and the future workforce to keep the United States leading tomorrow’s industries.
Industry leaders are choosing the United States, Biden said, “because they see America is back and America is leading the way.”
