Le Lézard
Classified in: Science and technology
Subject: TRD

SEMI Monitors Escalating U.S.-China Trade Tensions; Eyes Global Electronics Supply Chain Impact


WASHINGTON, May 17, 2019 /PRNewswire/ -- SEMI, the association representing the end-to-end global electronics industry supply chain, today provided the following statement from Mike Russo, VP of Global Industry Advocacy, regarding the escalation in tensions between the U.S. and China regarding trade:

SEMI® connects 2,000+ member companies and 1.3 million professionals worldwide to advance the technology and business of electronics manufacturing. SEMI members are responsible for the innovations in materials, design, equipment, software, devices, and services that enable smarter, faster, more powerful, and more affordable electronic products. SEMI builds connections that help its members prosper, create new markets, and address common industry challenges together. Visit http://www.semi.org

"We continue to monitor what appears to be a deteriorating situation between the U.S. and China related to their ongoing trade negotiations. The escalation in tariffs as well as the recent supply chain executive order and Department of Commerce action against Huawei are cause for increasing concern as those actions disrupt the supply chain and run counter to all-important market access.

"The globally integrated, complex supply chain that underpins our industry requires the world's largest economies to lead the way by establishing rules that ensure access to markets and protect IP. Reaching an agreement that is aligned with SEMI's global trade principles would be mutually beneficial to the two nations as well as our global industry, and we are hopeful that such an agreement can still be reached."

About SEMI

SEMI® connects more than 2,100 member companies and 1.3 million professionals worldwide to advance the technology and business of electronics design and manufacturing. SEMI members are responsible for the innovations in materials, design, equipment, software, devices, and services that enable smarter, faster, more powerful, and more affordable electronic products. Electronic System Design Alliance (ESD Alliance), FlexTech, the Fab Owners Alliance (FOA) and the MEMS & Sensors Industry Group (MSIG) are SEMI Strategic Association Partners, defined communities within SEMI focused on specific technologies. Visit www.semi.org to learn more, contact one of our worldwide offices, and connect with SEMI on LinkedIn and Twitter.

SEMI Media Contact

Michael Hall
Phone: 1.408.943.7988
Email: mhall@semi.org 

 

SOURCE SEMI


These press releases may also interest you

at 05:25
Argo, a UK-based provider of enterprise scale cryptocurrency mining services (LSE: ARB), is pleased to announce it has entered into a new agreement that will increase its electricity supply by 357 per cent. Under the terms of the agreement with...

at 05:14
Hoist Finance has successfully completed the securitisation of a portfolio of Italian non-performing, unsecured loans (NPLs) with a gross book value of EUR 225m (the "Transaction") as announced on 29 July 2019. The Transaction involves the issuance...

at 05:05
AMS, Analog Mixed-Signal division of ISSI, announces the IS31FL3195, a new 4-channel LED driver designed for low-power applications.  The IS31FL3195 integrates a high-efficiency charge pump and a programmable self-running pattern generator for...

at 05:05
dynaCERT Inc. (FRA: DMJ) ("dynaCERT" or the "Company") is pleased to announce that it has received purchase orders from KarbonKleen Inc. (KarbonKleen) for an additional 300 HydraGENtm Technology units, for total orders from KarbonKleen, to date, of...

at 05:00
OASIS Group, one of the largest Records and Information Management (RIM) providers in Europe, has today announced it has completed the acquisition of Archive Document Data Storage. In a deal finalised on July 31st OASIS...

at 05:00
The ISG Automation Summit, hosted by leading global technology research and advisory firm Information Services Group (ISG) , will explore how artificial intelligence, cognitive technologies and robotic process automation are...



News published on 17 may 2019 at 19:50 and distributed by: