To implement a project aimed at advancing U. S. foreign policy and national security priorities outlined in the Creating Helpful Incentives to Produce Semiconductors (CHIPS) Act of 2022 (Div.
A, P.L.
117-167).
The Act established a new International Technology Security and Innovation
Fund (ITSI Fund) to “to support the development and adoption of secure semiconductors, [and] semiconductor supply chains” with the goal to make the global semiconductor supply chain more resilient, diversified, and secure.