The global semiconductor shortage that began in 2020 exposed supply chain problems such as raw material choke points and regional concentration of manufacturing. We solicited experts' views on policy options to reduce semiconductor supply chain risks and mitigate future shortages. Experts recommended options ranging from developing the U.S. workforce to improving manufacturing capacity. They emphasized the need to take multiple actions as no single action would suffice, and to prioritize goals and collaborate across agencies. For example, prioritizing national security goals might drive greater focus on supporting domestic production.