The U.S. State Department announced that it will partner with the Government of Indonesia to grow and diversify the global semiconductor ecosystem via the International Technology Security and Innovation (ITSI) Fund, created by the CHIPS Act of 2022.
Vehicles through medical devices rely on semiconductors. The collaboration will begin with a review of Indonesia’s current semiconductor ecosystem, regulatory framework, and workforce and infrastructure needs.
The CHIPS Act of 2022 created the ITSI Fund, providing the U.S. Department of State with $500 million to promote developing and adopting secure and trustworthy telecommunications networks and ensure semiconductor supply chain security and diversification.
For more information, visit: The U.S. Department of State International Technology Security and Innovation Fund.