Summary

In August 2022, President Biden signed the CHIPS and Science Act, to strengthen U.S. industries, bolster global supply chains, and protect vital national and economic security. The bill established the International Technology Security and Innovation Fund (ITSI), which provides the State Department with $500 million over five years to partner with key allies and partners to promote secure and trustworthy Information and Communications Technologies (ICTs) and to ensure a more secure and resilient global semiconductor supply chain.

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By Donato