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SIA Blog

New Study Shows ITA Bridging Digital Divide

Posted by John Neuffer, President & CEO on May 22, 2017 11:30:00 AM

As the Information Technology Agreement (ITA) turns 20 this year, a think tank in Washington, D.C. today released an important new report on the wide-ranging economic benefits of this pioneering trade pact to developing countries. Co-authored by Stephen Ezell and John Wu of the Information Technology and Innovation Foundation (ITIF), the study does a deep dive on the impact joining the ITA would have on six economies in various stages of economic development – Argentina, Cambodia, Chile, Kenya, Pakistan, and South Africa.

[DOWNLOAD THE ITIF REPORT]

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Topics: trade, ITA

Sustaining America’s Consistent Trade Surplus in Semiconductors

Posted by John Neuffer, President & CEO on May 11, 2017 6:00:00 AM

Despite the forces of globalization that have pulled so much manufacturing overseas, the United States is still the worldwide leader of the semiconductor industry, capturing nearly half of the global market. Indeed, the U.S. is home to a robust semiconductor manufacturing and design sector and has consistently maintained a trade surplus in semiconductors for at least the past 20 years. These facts, and the underlying trends driving them, are the focus of written comments SIA submitted yesterday to the U.S. government in response to an examination of U.S. trade deficits.

[DOWNLOAD SIA'S COMMENTS]

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Topics: trade

Semiconductors Remain Export Leader for U.S. in 2016

Posted by Falan Yinug, Director, Industry Statistics and Economic Policy on Mar 29, 2017 12:00:00 PM

Semiconductors continue to be a huge export for the United States, fueling jobs, economic growth, and innovation at home. According to recently released government trade data for 2016, the value of U.S. semiconductor exports in 2016 totaled $43.1 billion, the third-highest of any manufactured U.S. export product. Strong domestic production combined with large foreign markets led to semiconductors ranking as one of America’s leading exports in 2016.    

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Topics: trade, statistics, exports

SIA Welcomes White House Report on Sustaining U.S. Semiconductor Leadership

Posted by John Neuffer, President & CEO on Jan 6, 2017 11:00:00 AM

SIA today welcomed the release of a new report by the President’s Council of Advisors on Science & Technology (PCAST) Semiconductor Working Group outlining the strategic importance of the U.S. semiconductor industry and the challenges that must be overcome to ensure continued U.S. leadership of semiconductor technology. SIA thanks the distinguished members of the PCAST Semiconductor Working Group for their diligence in developing this report.

We completely agree with the report's assertions that: 1) “The only way to retain leadership is to outpace the competition,” and 2) “to maintain a strong and globally competitive semiconductor industry, the United States needs an economic and policy environment that fosters innovation and keeps the U.S. industry at the technological frontier.” To that end, the report suggests a number of policy prescriptions aimed at doubling down on funding for basic research critical to innovation, reforming corporate tax laws, and growing the talent pool. To advance this work, the report recommends a three-pillar strategy, as highlighted in the accompanying letter to the President from PCAST co-chairs John Holdren and Eric Lander, to “(i) push back against innovation-inhibiting Chinese industrial policy, (ii) improve the business environment for U.S.-based semiconductor producers, and (iii) help catalyze transformative semiconductor innovation over the next decade.”

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Topics: trade, research

Government, Industry Leaders Discuss Steps to Strengthen U.S. Semiconductor Industry

Posted by Jimmy Goodrich, Vice President, Global Policy on Nov 2, 2016 4:30:00 PM

Commerce Secretary Penny Pritzker today gave a major policy address highlighting the strength and strategic importance of the U.S. semiconductor industry and outlining steps needed to ensure the industry remains strong and globally competitive. Following her remarks, SIA President & CEO John Neuffer and others continued the conversation with a panel discussion on the critical importance of the semiconductor sector to U.S. competitiveness and innovation.

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Topics: trade, research, china

New White House Group to Tackle Semiconductor Industry Challenges: Commerce Secretary Pritzker to Discuss Future of Industry on Wednesday

Posted by John Neuffer, President & CEO on Oct 31, 2016 3:30:00 PM

The President’s Council of Advisors on Science & Technology (PCAST) today announced the launch of a new Semiconductor Working Group that will provide recommendations to PCAST to consider in its report to the President regarding current challenges facing the semiconductor industry, including the rapid rise of semiconductor capabilities abroad.

SIA welcomes this timely announcement, given new challenges facing the U.S. semiconductor industry, including unprecedented government investment programs from some countries and the increasing technological complexity involved in achieving new innovation breakthroughs. These developments have implications not only for the economy and society, but also national security. In fact, SIA earlier recommended the Administration form a public-private advisory group to help guide government policy related to improving the competitiveness of the U.S. semiconductor industry.

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Topics: trade, research

Tech Doubles Down on TPP

Posted by John Neuffer, President & CEO on Sep 13, 2016 5:45:00 AM

Throughout the many months of heated political rhetoric on trade this election cycle, one constant has been the unwavering and full-throated support from America’s most innovative companies for the Trans-Pacific Partnership (TPP), a landmark agreement that would tear down numerous barriers to trade with Pacific Rim countries. SIA and a coalition of tech leaders today reaffirmed their support for the TPP in a letter to congressional leaders, urging Congress to approve it before the end of the year.

The TPP would benefit the tech sector, the U.S. economy, and consumers the world over, and Congress should act swiftly to get it across the goal line in 2016.

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Topics: trade, TPP

Global Deal to Slash Tech Tariffs Goes into Force, but with a Hitch

Posted by John Neuffer, President & CEO on Jul 1, 2016 6:00:00 AM

After more than four years of often turbulent negotiations to expand the Information Technology Agreement (ITA), tariffs on roughly $1.3 trillion in trade in tech products finally start marching to zero today. All in, the agreement will boost the global economy by an estimated $190 billion annually, spur productivity in developing and developed economies, and support an additional 60,000 American jobs.

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Topics: trade, ITA

Secretary Clinton’s Tech Platform Highlights Key Semiconductor Priorities

Posted by David Isaacs, Vice President, Government Affairs on Jun 28, 2016 5:30:00 PM

Former Secretary of State Hillary Clinton today unveiled a set of policy initiatives aimed at bolstering U.S. technology and innovation leadership. SIA welcomes attention from the presidential candidates on policies to strengthen the semiconductor industry and the broader tech sector. Secretary Clinton’s plan embraces a number of the semiconductor industry’s longstanding priorities, including the following:

1) Increasing the research budgets of federal agencies like the National Science Foundation, the Department of Energy, and DARPA;
2) Reforming America’s outdated high-skilled immigration system;
3) Rebuilding U.S. leadership in high-performance computing;
4) Continuing key reforms of the U.S. export control system; and
5) Expanding investments in STEM education programs.

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Topics: immigration, trade, research, export, STEM, exports

The World Semiconductor Council: 20 Years of Promoting Innovation through Free Trade

Posted by Devi Keller, Director, Global Policy on Jun 9, 2016 11:30:00 AM

The world’s leading semiconductor industries celebrated the 20th anniversary of the establishment of the World Semiconductor Council (WSC) on May 27 in Seoul, Korea. The WSC grew out of the 1996 U.S.-Japan Agreement on International Cooperation Regarding Semiconductors and today brings together senior executives from six semiconductor-producing regions – China, Chinese Taipei, EU, Japan, Korea, and the U.S. – to promote free and open world trade and to address issues of common concern to chipmakers everywhere. 

Leaders from the six regions at the 20th annual WSC meeting.
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Topics: trade, WSC