info@marketresearchfuture.com   📞 +1 (855) 661-4441(US)   📞 +44 1720 412 167(UK)   📞 +91 2269738890(APAC)

Semiconductor Industry Released Statement on the U.S. Outbound Statement

By Shubham Munde , 20 September, 2023

The Semiconductor Industry Association (SIA) in the United States has released a statement to set up new rules and actions for the outbound investment screening in August 2023. The US has targeted China, with developments coming further on releasing this statement.

The US administration launched an executive order in August 2023, citing prohibitions and specific product and technology rules. It prohibited outbound investments in semiconductors, microelectronics, artificial intelligence fields, and others. China is identified as the country of concern in these recently released reports from the US administration, followed by Hongkong and Macao as the other two countries on the list. Thus, the order also included notification focusing on a broader set of transactions for China. Analysts also expect that the administration will further increase the scope of controls on outbound investment, as visualized in the executive order signed recently in the US in 2023. The sales of semiconductors globally is recorded to be increased by 4.7% as compared to the first quarter, according to the Semiconductor Industry Association (SIA) reports.

Thus, the semiconductor industry said in response to this newly released outbound investment that the sector will contribute towards protecting the united states' competitive semiconductor industry as a part of safeguarding national security in 2023. The organization also added that it welcomes the new proposal with opportunities to give back feedback based on specific changes the industry may undergo. The Semiconductor Industry Association (SIA) hopes that new rules will allow the United States based chip firms to approach key global markets better. It looks forward to competing on an equal platform with other countries, including China. The organization also thinks of maintaining the strength of the US semiconductor industry long term and developing caliber to shine more among other global competitors in 2023.

Worldwide Semiconductor Revenues

SIA-1.jpg

Latest News

Hydrogen-Trains-2024.jpg
Hydrogen Trains in 2024 to Drive Sustainability

Hydrogen trains signify an essential development in the world's efforts to decarbonize transport. А Hydrogen-powered trains emerged as the fastest way of mobility, with specific coverage and significant developments in several areas, signifying a…

Read More

Mexico-Energy-Sector.jpg
Mexico Energy Sector aims to Expand Clean Energy Transition by 2030

Mexico is progressing rapidly in the renewable energy sector, envisioning double its production by 2030. By 2024, 35% of electricity should come from clean sources, compared to 29% in 2022. With a focus on solar, geothermal, wind, and hydroelectric…

Read More

-CLEANERGY-IN-US.jpg
With Surge in Nuclear Power, Texas Positions itself as Clean Energy Leader

Nuclear energy has been gaining traction in the global market, as have its requirements from big corporations. Texas has begun its revival phase as one of the front-runners in this new economic race. An expanding demand for nuclear energy…

Read More

SMR-2024.jpg
Small Nuclear Reactors may Help in the Progress of Clean Energy Transformation

A transformation is occurring globally in the pattern of energy sources with the rise of small nuclear reactors (SMRs) as the solution to clean, secure, and cost-effective energy. These power-efficient and small-sized reactors are becoming popular…

Read More

UK-FUEL-PRICE-2024.jpg
High Cost of Uk Gasoline Prices Fuels Debate

In the past few weeks, the fuel price in the UK has dropped a bit, but it is still expensive for drivers. From 143.15p per liter, unleaded gasoline primarily sells for 136.15p as of last week, while diesel has remained around 141p per Liter. However…

Read More

Author Pic
Shubham Munde

Research Analyst Level II