The Commerce Department’s Bureau of Industry and Security Regulations and Procedures Technical Advisory Committee held a marathon open session Tuesday, with a particular emphasis on the microelectronics supply chain.
Next up, a team from the Strategic Radiation Hardened Electronics Council discussed collaborative efforts across agencies and industry to ensure survivable electronics, terrestrial and in space.
Evan Broderick Acting Executive Director of the Information and Communications Technology and Services (ICTS) program at BIS discussed the OICTS, a rapidly growing enforcement activity that set up shop last March.
“The program started with the 2019 Order 13873. that is the Supply Chain EO as it's commonly referred to. It is essentially said that the secretary of commerce can prohibit or mitigate ICTS transactions: information and communications technology transactions that used data in transferred from and linked to a foreign adversary."
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Treasury and the Internal Revenue Service released a notice of proposed rulemaking for the Advanced Manufacturing Investment Credit (CHIPS ITC) established by the CHIPS Act of 2022.
“By providing detailed eligibility guidance for this tax credit, we’re equipping taxpayers with the clarity and certainty they need to make investments that will increase semiconductor manufacturing and strengthen America’s semiconductor supply chain,” said Treasury Secretary Janet Yellen.
