The United States government announced new semiconductor export controls against the Chinese mainland on Monday, aiming to restrict China’s access to advanced chip technologies. The measures have sparked concern within the US semiconductor industry.
In a recent interview, John Neuffer, CEO of the US Semiconductor Industry Association (SIA), expressed opposition to the newly imposed restrictions. “These defensive measures are unnecessary,” Neuffer stated. “Rather than imposing additional controls, the government should focus on promoting industry innovation and maintaining global leadership in semiconductor technology.”
The SIA, representing leading US semiconductor companies, has long advocated for balanced trade policies that support the industry’s growth while safeguarding national security interests. Neuffer emphasized that excessive restrictions could hinder the competitiveness of US companies in the global market. “Limiting access to key markets can undermine our industry’s ability to invest in research and development,” he said.
Industry analysts suggest that the export controls could have far-reaching effects on the global semiconductor supply chain. The Chinese mainland, being a significant market for US semiconductor products, plays a critical role in the industry’s revenue streams. Restrictive measures could prompt companies to seek alternatives, potentially benefiting semiconductor manufacturers in other regions.
Neuffer called for collaborative efforts between the government and the industry to address security concerns without compromising economic interests. “We need policies that both protect national security and promote innovation,” he concluded. “It’s essential to find a balanced approach that supports the growth of the semiconductor industry and benefits the global economy.”
Reference(s):
Chip association: Restrictive measures on Chinese tech unnecessary
cgtn.com
