#semiconductorsupplychain

[thxnews]

Deputy Graves Champions Resilient U.S. Supply Chains

  A Resilient Economy for All Americans

In a significant move towards securing the nation's economic future, Deputy Secretary of Commerce Don Graves passionately emphasized the critical importance of enhancing U.S. supply chain resilience. Addressing a pivotal meeting of the White House Council on Supply Chain Resilience, Graves highlighted the groundbreaking work of the Commerce Department's Supply Chain Center. The initiative aims not only to prevent shortages but also to position U.S. companies as leaders in future industries, ensuring prosperity and security for all Americans.   Commerce Department's Supply Chain Center: A Game-Changer Deputy Secretary Graves underscored the innovative contributions of the recently established Supply Chain Center within Commerce's Industry and Analysis unit. Positioned as the analytical engine for supply chain resilience policy action, the Center integrates industry expertise and data analytics to develop cutting-edge supply chain risk assessment tools. By conducting deep-dive analyses on critical supply chains, the Center is strategically driving targeted actions to enhance overall resilience.  

Paving the Way for a Robust Supply Chain Ecosystem

Expanding on the Department's commitment, Graves made several noteworthy announcements that outline Commerce's multifaceted approach to bolstering U.S. supply chain resiliency.   Supply Chain Data Summit: 2024 Vision Under the leadership of the Supply Chain Center and the Industry and Analysis unit, the Department is set to host a Supply Chain Data and Analytics Summit in 2024. This event aims to gather diverse public and private stakeholders, leveraging expert input to inform risk assessment models and tools. The summit will facilitate an expanded sharing of data and analytic capabilities, fostering collaboration and innovation.   CHIPS Funding Opportunity Drives Semiconductor Supply Chain Resilience Commerce, in collaboration with CHIPS for America, has taken decisive action to fortify semiconductor supply chains. With the recent release of a funding opportunity on September 29, the Department seeks to strengthen the resilience of the semiconductor supply chain, propel U.S. technology leadership, and support vibrant domestic semiconductor clusters. The funding opportunity invites applications for facilities with capital investments of less than $300 million, aiming to bolster the domestic manufacturing ecosystem and create job opportunities nationwide.  

Supporting Small and Medium-Sized Manufacturers

Recognizing the crucial role of small and medium-sized manufacturers in U.S. supply chains, Commerce is expanding its support through Manufacturing Extension Partnerships (MEP). Facilitated by the National Institute of Standards and Technology, MEPs focus on driving innovation and sustainability in manufacturing. Significantly, a recent allocation of over $20 million across the MEP National network aims to create the Supply Chain Optimization and Innovation Network (S-COIN). This initiative will not only provide vital services but also connect manufacturers, establishing a comprehensive map of U.S. supplier capability and capacity.   Indo-Pacific Economic Framework for Prosperity (IPEF) Commerce has played a pivotal role in concluding negotiations under IPEF with 13 regional partner nations. Remarkably, the Supply Chain Agreement, a first-of-its-kind accord, is poised to enhance the resilience and competitiveness of critical supply chains. Furthermore, Commerce is spearheading pilot projects to fortify key supply chains, encompassing semiconductors, critical minerals, and cold chain services.   Harnessing Innovation Through Census Data The Census Bureau, through its Census Open Innovations Lab (COIL), is currently in phase 2 of the StatVentures Supply Chain Challenge. This initiative seeks innovative ideas from the public, industry, and academia to improve the measurement of supply chains. Additionally, the Census is developing new data and visualization tools to provide valuable insights into manufacturing, imports/exports, movement of goods, sale of goods, labor supply, and more. In Deputy Secretary Graves' words, "Increasing U.S. supply chain resilience is, without question, one of the top priorities here at the Department of Commerce." With these strategic measures, the Department is not just safeguarding against disruptions but is actively shaping a resilient and prosperous future for all Americans.   Sources: THX News & U.S. Department of Commerce. Read the full article

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[thxnews]

State Department Partners with Costa Rica to Strengthen Global Semiconductor Ecosystem

  International Technology Security and Innovation Fund Facilitates Partnership In a significant move to bolster the global semiconductor industry, the State Department has announced a strategic partnership with the Government of Costa Rica. The objective of this collaboration is to explore opportunities for diversification and growth while ensuring a more transparent, secure, and sustainable global semiconductor value chain. The initiative is made possible through the International Technology Security and Innovation Fund (ITSI Fund), which was established under the CHIPS and Science Act of 2022.  

United States and Costa Rica Unite to Address the Digital Transformation

Strengthening the Semiconductor Supply Chain Recognizing the indispensable role of semiconductors in the digital transformation era, Cynthia Telles, U.S. Ambassador to Costa Rica, emphasized the importance of this partnership. Telles stated, "The United States views Costa Rica as a partner in ensuring the semiconductor supply chain can keep pace with the digital transformation underway. Products ranging from vehicles to medical devices increasingly rely on semiconductors as the building blocks of today's economy. Our announcement of this collaboration underscores the significant potential to expand this industry in Costa Rica to the benefit of both our countries."   The collaboration between the United States and Costa Rica will commence with a comprehensive assessment of Costa Rica's current semiconductor industry development, regulatory framework, as well as workforce and infrastructure requirements. The findings from this review will serve as the basis for future cooperation in advancing this critical sector.  

Costa Rica's Commitment and the Path to Inclusive Growth

Building a Resilient Semiconductor Industry Costa Rican President Rodrigo Chaves expressed gratitude for the United States' support and highlighted Costa Rica's strengths in the semiconductor sector. He stated, "We applaud the decision of the United States to support the Costa Rican semiconductor sector through the Chips and Science Act. It is a recognition of our leadership as a trusted supplier and our position as a great site for the development of new operations in this sector. Costa Rica, under the coordination of the Ministry of Foreign Trade, will step up its efforts to enhance our capabilities to face the growing demands of the industry with better infrastructure and talent. The semiconductor supply chain represents a distinct opportunity for inclusive economic growth and job creation. Costa Rica is open for businesses and to strengthen the private sector that invests in our country. Also, we believe that this is a manifestation of the strong relationship between the US and Costa Rica."   In August 2022, President Biden signed into law the CHIPS and Science Act of 2022, which allocated billions of dollars to bolster domestic manufacturing and research of semiconductors in the United States.  

The ITSI Fund and Costa Rica's Growing Role

A Trustworthy Investment Destination Manuel Tovar, Costa Rican Minister of Foreign Trade, expressed appreciation for the support extended by the United States and emphasized the significance of this partnership in advancing the regional chips agenda. Tovar stated, "We welcome the support announced by the United States that strengthens Costa Rica's position as a reliable investment destination for the advancement of the regional chips agenda. Over the years, Costa Rica has created a vibrant ecosystem for the chips sector. The launch of our National Foreign Investment Attraction Strategy led by the foreign trade sector is an excellent platform to continue building our capabilities for more investment and supporting, as a trusted and resilient partner, the rebalancing of the semiconductor global industry."   Under the CHIPS Act, the ITSI Fund was established, providing the U.S. Department of State with $500 million ($100 million per year over five years, starting in Fiscal Year 2023) to expand global semiconductor manufacturing, secure semiconductor supply chains, and develop secure and trustworthy Information and Communications Technology (ICT) networks and services through new programs and initiatives in collaboration with allies and partners.   Sources: THX News & US Embassy in Costa Rica. Read the full article

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