The bill directs the Secretary of State, working with the Secretary of Commerce and other agencies, to support Western Hemisphere countries seeking more diverse semiconductor supply chains. Support may include diplomatic help with cross-border infrastructure talks, rules for semiconductor markets, and regional market links. The bill also allows the U.S. International Development Finance Corporation to support certain semiconductor projects in upper-middle-income and high-income countries in the region. Before providing that support, the President must certify that it advances U.S. economic or foreign policy interests. The project must also support development or help counter a strategic competitor’s efforts to gain significant influence or access to sensitive technology or infrastructure.
The bill focuses on U.S. support for semiconductor supply chains in Western Hemisphere countries. It does not specify direct benefits or requirements for individuals.
No publicly available information.
The bill states that diversified semiconductor supply chains and regional semiconductor industries serve U.S. economic and national security interests and can support the security of U.S. allies and partners.
No publicly available information.