SIA Statement on Outbound Investment Proposal

by Semiconductor Industry Association

WASHINGTON—Aug. 9, 2023—The Semiconductor Industry Association (SIA) today released the following statement regarding new administration actions related to outbound investment screening.

“The semiconductor industry recognizes the need to protect national security, and we believe ensuring a strong and globally competitive U.S. semiconductor industry is a vital part of achieving that goal. We are assessing today’s proposal and welcome the opportunity to provide feedback as part of the public comment period. We hope the final rules allow U.S. chip firms to compete on a level-playing field and access key global markets, including China, to promote the long-term strength of the U.S. semiconductor industry and our ability to out-innovate global competitors.”

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Media Contact
Dan Rosso
Semiconductor Industry Association
240-305-4738
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. SIA represents 99% of the U.S. semiconductor industry by revenue and nearly two-thirds of non-U.S. chip firms. 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.