WEST LAFAYETTE, Indiana & WASHINGTON–(BUSINESS WIRE)–March 21, 2022, Center for Technology Diplomacy at Purdue Chairman of the Board and nominee for the 2022 Nobel Peace Prize, Keith Krach, and Director, Bonnie Glick, were invited by US Secretary of Commerce Gina Raimondo to offer advice on the national imperative securing the semiconductor supply chain. Their attorney was part of a bipartisan discussion with Sen. Todd Young (R-IN), Rep. Doris Matsui (D-CA), former national security adviser HR McMaster, former deputy national security adviser Matt Pottinger and former Google CEO Eric Schmidt.
During his tenure as Under Secretary of State, Krach and his team were instrumental in the $12 billion relocation of TSMC (Taiwan Semiconductor Manufacturing Company), as well as its ecosystem, the largest agreement like this in American history and a leap forward in securing the semiconductor. supply chain. The deal was heralded as a “game changer”, spark chipmakers like Intel and Samsung to build their own “trusted” fabs, resulting in $300 billion in committed investment and US jobs.
TSMC’s relocation led to close collaboration between Krach’s team and Senators Cornyn (R-TX) and Warner (D-VA), paving the way for the design of the CHIPS for America Act, a component of the Bipartisan Innovation Act. For another part of the Bipartisan Innovation Act, Krach’s team presented Senate Majority Leader Schumer (D-NY) and Sen. Young (R-IN) with the initial concept of the bill on funding for research in critical technologies known as Endless Frontiers Act. The proposal included a plan to turn $150 billion in funding into a $500 billion investment, with matching investments from the private sector and a coalition of tech allies that Krach dubbed the “Techno-democracies-10 (TD-10).”
President Krach compared the Bipartisan Innovation Act to the Apollo program, stating that “it serves as a powerful catalyst for additional private sector investment and sends a clear message to our citizens, our allies, and the Chinese government itself that America is united in its commitment to preserving our precious freedom from authoritarianism”.
Bonnie Glick, the first director of Purdue’s Center for Tech Diplomacy and former chief operating officer of USAID, said, “I can’t stress enough the importance of the Bipartisan Innovation Act and other bipartisan efforts that aim under underlying to keep America moving. -in the country for investments from abroad as well as from our incredible private sector. We sit atop an opportunity in the United States to consolidate the lead in manufacturing critical technologies and strengthen alliances with like-minded nations to keep the taps open for manufacturing critical technologies like semis. -drivers. Inaction will further allow the efforts of the Chinese government and its state-owned enterprises to gain market share and erode competition.
The Center’s work is based on the “Trust Principle” doctrine deployed by President Krach during his tenure at the US State Department to rally like-minded governments and businesses to secure the high-tech sector and to advance peace and freedom in the context of the global economic crisis. Security strategy (GESS). Rep. Mike McCaul, President of the Congressional Task Force on China, credited Crash with the development of this “new model of Tech-Statecraft rooted in trust by integrating high-tech strategy with diplomatic tools and building the Own network, which derailed the CCP’s master plan to control 5G. » Harvard Business School noted Krach’s achievements in defending freedom against technological authoritarianism “changed the future of global technology”.
Last month, Krach and Glick added their names to a bipartisan letter from 16 national security experts from multiple U.S. administrations to House Speaker Pelosi and Senate Majority Leader Schumer, as well as House and Senate Republican leaders McCarthy and McConnell. The letter urges Congress to quickly pass this legislation to ensure the United States remains globally competitive and “stays on the cutting edge of microelectronics.” Other notable signatories to the letter included Stephen Hadley, Eric Schmidt and the former Secretary of Defense. Leon Panetta—a member of the Advisory Board of the Center for Tech Diplomacy—as well as former deputy national security adviser Matt Pottinger and former undersecretary of defense Michele Flournoy.
About Purdue’s Center for Tech Diplomacy:
Purdue’s Center for Tech Diplomacy is the world’s preeminent institution focused on the art of technology, a new model of diplomacy that aims to advance freedom by bridging the gap between innovators and foreign policy makers and national security. expertise to American foreign policy, focusing on rallying our allies, leveraging private sector innovation, and amplifying democratic values based on trust.