Action: Bipartisan legislation (S.97 Securing Semiconductor Supply Chains Act) passed unanimously in the Senate with the aim of building on the efforts of the CHIPS and Science Act of 2022 to increase domestic manufacturing of semiconductor chips. It directs the Commerce Department’s SelectUSA program to solicit comments from state economic development organizations regarding Federal efforts to increase foreign direct investment in semiconductor-related manufacturing and production. SelectUSA must then report to Congress on strategies to be employed to increase these investments.Key Insights
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