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The Semiconductor Industry Association (SIA) released the following statement from president and CEO John Neuffer in response to the new export control rule changes announced today by the U.S. Commerce Department. SIA represents 95 percent of the U.S. semiconductor industry.
“We are still reviewing the rule, but these broad restrictions on commercial chip sales will bring significant disruption to the U.S. semiconductor industry. We are surprised and concerned by the administration’s sudden shift from its prior support of a more narrow approach intended to achieve stated national security goals while limiting harm to U.S. companies. We reiterate our view that sales of non-sensitive, commercial products to China drive semiconductor research and innovation here in the U.S., which is critical to America’s economic strength and national security.”