State Department’s Plan to Use $500M CHIPS Funding to Bolster the Supply Chain – By Kirsten Errick (Nextgov) / May 23, 2023
The State Department is using its CHIPS funding to foster relations with allies, strengthen supply chains and build a robust semiconductor ecosystem.
While the United States is working to strengthen and secure semiconductor manufacturing, it cannot do it alone, and international cooperation is integral to the semiconductor supply chain, according to a senior State Department official.
Ramin Toloui, assistant secretary for the Bureau of Economic and Business Affairs at the Department of State, noted that fostering relationships with allies and partners abroad will help build a robust and secure semiconductor ecosystem while the United States is also strengthening its own semiconductor manufacturing capabilities.
The CHIPS and Science Act aims to increase semiconductor manufacturing in the United States and strengthen American technology leadership.
