The STRIDE Act directs the Secretary of State to coordinate with countries that have significant semiconductor technology capabilities to establish multilateral protections against acquisition of critical semiconductor technology by China and other foreign adversaries. The legislation aims to align export controls on semiconductor manufacturing equipment, design tools, materials, and services across allied nations, establish joint monitoring and enforcement mechanisms to prevent circumvention, and create trusted supplier networks for semiconductor components. If the Secretary of State determines that a country is not implementing sufficient security measures to prevent semiconductor technology transfer to adversary nations, the bill requires notification to Congress and triggers a Commerce Department review process that may lead to expanded export controls and entity list designations. The Secretary of State must submit progress reports to Congress every 90 days detailing diplomatic engagement, progress toward multilateral coordination objectives, and the effectiveness of these efforts in preventing technology transfer. No specific funding authorization or timeline for implementation is included in the legislation.