Boosting US Chip Production: Attracting Foreign Investment for Secure Supply Chains.
This law aims to strengthen the US economy and national security by increasing domestic manufacturing of essential electronic components (semiconductors) through foreign investment. It requires the federal government to coordinate with states to attract companies willing to build new production facilities in the US. The goal is to prevent future supply shortages that disrupt industries and threaten millions of jobs.
Key points
The SelectUSA program must actively seek foreign direct investment to boost US production of semiconductors.
The focus is on securing a stable domestic supply chain for chips, which supports jobs in technology-dependent sectors.
Federal agencies will work closely with state economic development organizations to identify and remove investment barriers.
Status:
Expired
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