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On December 12-13, the Organization for Economic Cooperation and Development's (OECD) Committee on Industry, Innovation, and Entrepreneurship (CIIE) and its Committee on Digital Economy Policy (CDEP) held the third meeting of the Semiconductor Informal Exchange Network virtually, with the U.S. and over 40 economies participating.
Launched with support from the Department of State's International Technology Security and Innovation (ITSI) Fund, the Semiconductor Informal Exchange Network convenes officials involved in industrial policymaking to exchange information on the current state of the semiconductor ecosystem and recent public and private industry initiatives in their respective countries. The Network also includes leading experts from private industry, semiconductor associations, and labor unions. The delegations to the Network's third meeting participated in exercises on semiconductor supply chain resilience to identify challenges and explore solutions.
The OECD Secretariat will host a tabletop exercise in the first half of 2024 that builds communication channels to mitigate supply chain disruptions. It will present its work to date on building an agreed upon taxonomy framework and introduce its strategy to pinpoint crucial segments in the supply chain and resolve data gaps. The delegates unanimously welcomed the introduction of this methodology, which underscores the importance of mapping and examining interrelationships within the semiconductor ecosystem - a core aim of the ITSI Fund. Mexico announced its plans to host the upcoming February meeting of the OECD Semiconductor Informal Exchange Network.
The United States is committed to working with partners and allies to expand global semiconductor supply chains and foster transparency and collaboration to make global semiconductor supply chains more resilient.
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