1. Short title This Act may be cited as the Securing Semiconductor Supply Chains Act of 2023 . 2. SelectUSA defined In this Act, the term SelectUSA means the SelectUSA program of the Department of Commerce established by Executive Order 13577 (76 Fed. Reg. 35,715). 3. Findings Congress makes the following findings: (1) Semiconductors underpin the United States and global economies, including manufacturing sectors. Semiconductors are also essential to the national security of the United States. (2) A shortage of semiconductors, brought about by the COVID–19 pandemic and other complex factors impacting the overall supply chain, has threatened the economic recovery of the United States and industries that employ millions of United States citizens. (3) Addressing current challenges and building resilience against future risks requires ensuring a secure and stable supply chain for semiconductors that will support the economic and national security needs of the United States and its allies. (4) The supply chain for semiconductors is complex and global. While the United States plays a leading role in certain segments of the semiconductor industry, securing the supply chain requires onshoring, reshoring, or diversifying vulnerable segments, such as for— (A) fabrication; (B) advanced packaging