The Semiconductor Technology Resilience, Integrity, and Defense Enhancement Act, or STRIDE Act, establishes a policy for the United States to maintain technological leadership in semiconductors and prevent adversarial capture of critical supply chain components. It emphasizes coordinating with allied and partner nations to protect semiconductor technology from acquisition by the Chinese Communist Party and other foreign adversaries, citing the effectiveness of unilateral export controls like the Foreign Direct Product Rule.

The Act mandates the Secretary of State to coordinate with countries possessing significant semiconductor capabilities to develop expanded approaches for protecting these technologies. Key objectives include aligning export control policies on manufacturing equipment, design tools, and materials, alongside establishing joint monitoring and enforcement mechanisms to prevent circumvention and foreign backfilling, while also promoting information sharing and trusted supplier networks.

The legislation outlines consequences for countries that do not sufficiently cooperate in implementing security measures. If a country fails to prevent semiconductor technology transfer to "countries of concern," the Secretary of State must explain deficiencies, request a plan of action from the Export Advisory Review Board, and notify Congress. This may lead to recommendations for enhanced application of the Foreign Direct Product Rule and expansion of Entity List designations for non-cooperating entities.

Finally, the Secretary of State is required to submit quarterly reports to Congress detailing diplomatic engagement, progress on coordination objectives, any determinations of inadequate cooperation, and the overall effectiveness of multilateral efforts.