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New Partnership with Panama to Explore Semiconductor Supply-Chain Opportunities - United States Department of State
The State Department will partner with the Government of Panama on exploring opportunities to grow and diversify the global semiconductor ecosystem under the International Technology Security and Innovation Fund (“ITSI” Fund), created by the CHIPS Act of 2022. This partnership will help create...
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The State Department will partner with the Government of Panama on exploring opportunities to grow and diversify the global semiconductor ecosystem under the International Technology Security and Innovation Fund (“ITSI” Fund), created by the CHIPS Act of 2022. This partnership will help create a more resilient, secure, and sustainable global semiconductor value chain and underscores the significant potential to expand this global industry between the United States and Panama.
The United States views Panama as a partner in ensuring the semiconductor supply chain is diverse and resilient. Products ranging from vehicles to medical devices increasingly rely on semiconductors as the building blocks of today’s economy. This collaboration strives to build new opportunities that attract industry investments and expands the technical workforce in both countries.
This partnership will begin with a review of Panama’s current semiconductor ecosystem, regulatory framework, and workforce and infrastructure needs. The outcome of this review will inform potential future collaboration on developing this critical sector to ensure that both countries benefit from state-of-the-art technology.