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SIA Statement on Outbound Investment Proposal
August 10, 2023 | SIAEstimated reading time: Less than a minute
The Semiconductor Industry Association (SIA) 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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