Securing Semiconductor Supply Chains Act of 2023

The Securing Semiconductor Supply Chains Act of 2023 directs the SelectUSA program (within the Commerce Department) to collaborate with state economic development organizations to boost foreign investment in U.S. semiconductor manufacturing, particularly in vulnerable areas like chip fabrication and equipment production. It requires SelectUSA to gather state input on barriers to investment, develop strategies to attract foreign capital while avoiding benefits to adversaries, and report progress to Congress within two years. The bill uses existing funding for these efforts without authorizing new appropriations, focusing on leveraging current resources to strengthen supply chain resilience.