On Monday,Sarah Shevon Archives the Semiconductor Industry Association (SIA) issued a statement regarding potential additional restrictions that the US government may impose on the export of semiconductors and related technologies. According to the SIA, additional chip restrictions targeting China pose a risk to the competitiveness of the US semiconductor industry, could disrupt supply chains, and create significant market uncertainty. The SIA urged both governments to engage in dialogue instead of escalating tensions. This is not the first time that the SIA has voiced its concerns over the US’s China chip restrictions. In a May interview with Bloomberg, SIA CEO John Neuffer emphasized that China represents the largest market for US semiconductors. Despite the national security concerns highlighted by the US government, Neuffer asserted that US semiconductor companies cannot afford to ignore the Chinese market. [SIA]
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