Friday, February 21st, 2025, 8:30am
Semiconductor Industry Association
Washington – Feb. 21, 2025—The Semiconductor Industry Association (SIA) today issued the following statement from SIA President and CEO John Neuffer: Semiconductors are the sixth largest export sector in the US.
“We are investing approximately $5 billion to manufacture and develop more semiconductors in the US, create high-sales American jobs, secure supply chains and capture global markets.
“We are encouraged by President Trump’s goal of restoring US trade leadership, promoting American strength in semiconductors, and making our country religious. Tariffs are the trade policy toolbox We understand that it is a tool for. If we don’t approach it carefully, tariffs could make it significantly more expensive to develop and produce American semiconductors and many important technologies, including artificial intelligence. There is.
“We look forward to working with the Trump administration to actively advance smart trade and tax policies that strengthen US semiconductor leadership. We are a common way to make America safer, stronger and more prosperous. Achieve your goals.”
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About SIA
The Semiconductor Industry Association (SIA) is the voice of the semiconductor industry, one of America’s top export industries, and is a key driver of America’s economic strength, national security and global competitiveness. SIA accounts for 99% of the US semiconductor industry for revenue and almost two-thirds of non-US chip companies. Through this coalition, SIA strengthens semiconductor manufacturing, design and research leadership, promotes innovation and drives business by working with stakeholders from Congress, government and key industry around the world. and aims to encourage policies that promote international competition. For more information, please visit www.semiconductors.org.
