The Securing Semiconductor Supply Chains Act aims to boost foreign direct investment in U.S. semiconductor manufacturing.
The Securing Semiconductor Supply Chains Act requires the SelectUSA program to collaborate with state-level economic development organizations to attract foreign direct investment in semiconductor manufacturing. The bill emphasizes the importance of semiconductors to the U.S. economy and national security. It mandates a report on strategies to increase investment and ensure that allies benefit while adversaries do not. The act also highlights the need to address vulnerabilities in the semiconductor supply chain through onshoring, reshoring, or diversification.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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