Department of State receives funding for semiconductor development
The Department of State implements the CHIPS Act International Technology Security and Innovation (ITSI) Fund. The ITSI Fund provides the department with $500 million over five years to address security objectives through new programs and initiatives.
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.
Semiconductors: 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.
ITSI funding will support programs across three workstreams:
- Working with countries to develop policy and regulatory frameworks that ensure security is a central decision-making factor in ICT procurements.
- Leveraging financing, investment de-risking and other tools to catalyze private sector investments in secure ICT networks, including open and interoperable network architectures.
- Working to provide cybersecurity tools and services to improve partner countries’ ability to defend against, manage, respond to and recover from cybersecurity threats.
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