USMCA Approval Strengthens U.S. Technology and Trade Leadership

WASHINGTON, Jan. 16, 2020 — (PRNewswire) —  The Semiconductor Industry Association (SIA) today applauded Senate approval of the U.S.-Mexico-Canada Agreement (USMCA), which passed with strong bipartisan support earlier today. SIA represents U.S. leadership in semiconductor manufacturing, design, and research, with members accounting for approximately 95 percent of U.S. semiconductor company sales.

(PRNewsfoto/Semiconductor Industry Associat)

"Congressional approval of the USMCA is a major win for free trade and America's global leadership in semiconductors and the technologies they enable," said John Neuffer, SIA president and CEO. "The agreement will help ensure that more products researched, designed, and made in America – including semiconductors – can flow to customers around the world. We applaud the Administration and Congress for negotiating and approving this landmark agreement."

The USMCA incorporates several top U.S. semiconductor industry priorities, including new rules preventing parties from unfairly restricting trade of commercial encryption products, more robust protections for trade secrets and other types of intellectual property, commitments to protect the free and open flow of data across borders, and new rules aimed at ensuring state-owned enterprises compete fairly and transparently.

SIA also supports a range of USMCA provisions related to counterfeit enforcement, forced localization, competition policy, and trade facilitation. These new and higher-standard norms and disciplines will serve as important benchmarks for shaping global trade rules that preserve and strengthen the digital economy.

Canada and Mexico are strong U.S. trading partners in semiconductors and are critical players in the semiconductor supply chain. The U.S. has solid semiconductor trade surpluses with both Mexico and Canada at $6.77 billion and $1 billion, respectively.

Media Contact
Dan Rosso
Semiconductor Industry Association
202-446-1719
drosso@semiconductors.org

About SIA
The Semiconductor Industry Association (SIA) is the voice of the semiconductor industry, one of America's top export industries and a key driver of America's economic strength, national security, and global competitiveness. Semiconductors – the tiny chips that enable modern technologies – power incredible products and services that have transformed our lives and our economy. The semiconductor industry directly employs nearly a quarter of a million workers in the United States, and U.S. semiconductor company sales totaled $209 billion in 2018. SIA members account for nearly 95 percent of all U.S. semiconductor industry sales. Through this coalition, SIA seeks to strengthen leadership of semiconductor manufacturing, design, and research by working with Congress, the Administration, and key industry stakeholders around the world to encourage policies that fuel innovation, propel business, and drive international competition. Learn more at  www.semiconductors.org.

Cision View original content to download multimedia: http://www.prnewswire.com/news-releases/usmca-approval-strengthens-us-technology-and-trade-leadership-300988429.html

SOURCE Semiconductor Industry Association (SIA)

Contact:
Company Name: Semiconductor Industry Association (SIA)
Web: http://www.semiconductors.org




Review Article Be the first to review this article
Featured Video
Latest Blog Posts
Anupam BakshiAgnisys Automation Review
by Anupam Bakshi
Specification Automation for Designers
Bob Smith, Executive DirectorBridging the Frontier
by Bob Smith, Executive Director
You’re Invited! SEMI’s Innovation for a Transforming World
intelThe Dominion of Design
by intel
The Long Game: Product and Security Assurance
Jobs
Business Operations Planner for Global Foundaries at Santa Clara, California
Principle Engineer (Analog-Mixed-Signal Implementation) for Global Foundaries at Santa Clara, California
Circuit Design & Layout Simulation Engineer - Co-Op (Spring 2021) for Global Foundaries at Santa Clara, California
SerDes Applications Design Engineer for Xilinx at San Jose, California
NAND Hardware Engineer for Apple Inc at Cupertino, California
Technical Product Manager- SISW-EDA 238452 for Siemens AG at Fremont, California
Upcoming Events
Innovation for a Transforming World -virtual Event at United States - Jul 13 - 14, 2021
DesignCon 2021 at San Jose McEnery Convention Center San Jose, CA San Jose CA - Aug 16 - 18, 2021
SEMICON Southeast Asia 2021 Hybrid Event at Setia SPICE Convention Centre Penang Malaysia - Aug 23 - 27, 2021
7th International Conference on Sensors & Electronic Instrumentation Advances (SEIA' 2021) at Palma de Mallorca, Mallorca balearic islands) Spain - Sep 14 - 16, 2021



© 2021 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise