4 MINUTE READ
FEBRUARY 20, 2024
PRESS RELEASE
Tuesday, February 20, 2024
The U.S. Department of State, through the Bureau of Economic and Business Affairs, has awarded $13.8 million to Arizona State University (ASU) under the CHIPS Act International Technology Security and Innovation (ITSI) Fund.
“This announcement supports Costa Rica’s effort to foster a semiconductor workforce that can keep pace with the digital transformation underway,” said Cynthia Telles, U.S. Ambassador to Costa Rica. “It also underscores U.S. confidence in Costa Rica as a critical link in the semiconductor supply chain.”
This funding will initiate a program aimed at expanding semiconductor chip assembly, testing, and packaging (“ATP” or “downstream”) operations in several partner countries in the Americas and the Indo-Pacific region, including Costa Rica. This collaboration with ASU is a significant milestone for State’s ITSI-related programs and our work to facilitate new investments in Costa Rica.
“These fund—in the form of training and development programs for Costa Rican human talent—demonstrate that the United States considers Costa Rica a safe ally and supplier in the global semiconductor supply chain,” said Manuel Tovar, Costa Rican Minister of Foreign Trade (COMEX). “Investing in education and technical preparation of our workforce is a firm step on the path that we are leading in COMEX to be a regional center of this industry.”
In July 2023, the United States announced a partnership with the Government of Costa Rica to explore opportunities to diversify and grow the global semiconductor ecosystem and create a more resilient, secure, and sustainable global semiconductor value chain.
Today’s announcement builds on that partnership. The Department of State and ASU will collaborate with the Government of Costa Rica on training and education programs to bolster workforce capacity and create a pipeline of new talent, supporting the expansion of ATP operations. Costa Rica’s current semiconductor industry development, regulatory framework, and workforce and infrastructure needs will inform the design of the program.
“It is undeniable that the semiconductor industry plays a primary role in the global economy and in digital transformation,” said Paula Bogantes, Costa Rican Minister of Science, Innovation, Technology, and Telecommunications (MICITT). “Therefore, our efforts are focused on establishing alliances that improve the capacity of the Costa Rican workforce and directly contribute to developing human talent. Ourt Ministry recognizes the importance of adapting training to the specific needs of the semiconductor industry, thus guaranteeing a highly qualified and competitive workforce. This, in turn, drives economic growth and encourages the creation of quality jobs in Costa Rica.”
Read more about today’s announcement and the ITSI Fund here: https://www.state.gov/department-of-state-and-arizona-state-university-announce-new-itsi-initiative/