SIA Welcomes De-escalation of U.S.-China Trade Tensions

Monday, Dec 03, 2018, 8:29pm
by Sarah Ravi

WASHINGTON—Dec. 3, 2018—The Semiconductor Industry Association (SIA), representing U.S. leadership in semiconductor manufacturing, design, and research, today released the following statement from President & CEO John Neuffer in response to the agreement between U.S. President Trump and Chinese President Xi to de-escalate trade tensions:

“SIA welcomes the announcement that President Trump and President Xi are de-escalating tensions and will immediately commence negotiations to address long-standing trade problems. Over the next 90 days and beyond, the U.S. semiconductor industry will be monitoring the progress achieved on important aspects of China’s trade practices as highlighted in USTR’s Section 301 Report, including findings of forced tech transfer, intellectual property theft, industrial subsidies, data localization measures, and discriminatory cybersecurity rules. Much is at stake as the two sides endeavor to set U.S.-China trade relations on a more productive path. SIA remains committed to working with both governments to support their efforts to achieve a successful negotiated outcome in the short term, and towards a more constructive and open economic relationship in the long term.”

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About SIA
The Semiconductor Industry Association (SIA) is the voice of the U.S. semiconductor industry, one of America’s top export industries and a key driver of America’s economic strength, national security, and global competitiveness. Semiconductors – microchips that control all modern electronics – enable the systems and products we use to work, communicate, travel, entertain, harness energy, treat illness, and make new scientific discoveries. The semiconductor industry directly employs nearly a quarter of a million people in the U.S. In 2017, U.S. semiconductor company sales totaled $189 billion, and semiconductors make the global trillion-dollar electronics industry possible. SIA seeks to strengthen U.S. leadership of semiconductor manufacturing, design, and research by working with Congress, the Administration and other key industry stakeholders to encourage policies and regulations that fuel innovation, propel business and drive international competition. Learn more at www.semiconductors.org.