Trade Restrictions Threaten to Destabilize the Semiconductor Industry

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The China Semiconductor Industry Association (CSIA) has aligned with the US in a bid to prevent further chip trade restrictions imposed by the US government. The association warns of potential industry fragmentation and irreparable global economic damage.

The Importance of the Chinese Market

The CSIA statement emphasized the substantial role and significance of the Chinese market to global partners. It notably acknowledged its persistent support in product development that has made a substantial contribution worldwide, including emerging markets.

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Stakes of Disrupting the International Supply Chain

Further interference with the international supply chain may risk the integrity of the global market and the prosperity of the global economy. The CSIA also criticized existing US government trade restrictions, which it contends have interrupted supply chains worldwide.

Impact on Consumer and US Semiconductor Industry ️

The association suggests these kinds of measures negatively affect consumers and could jeopardize the competitiveness of the US semiconductor industry.

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Rising Tensions and Calls for Solutions ️

The CSIA's pleas came following a call from the US Semiconductor Industry Association (SIA) earlier this week. The SIA urged Chinese and US authorities to alleviate tensions and seek resolutions through dialogue rather than additional escalation.

SIA's Call: Caution and Collaboration

The SIA, whose members include companies like IBM and Qualcomm, urged US authorities to abstain from further restrictions until they engage more thoroughly with the industry and experts. The goal is to assess the impact of current and prospective restrictions and to ensure they are narrowly and clearly defined, consistently implemented, and fully coordinated with allies.

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Access to China Market Vital for US Industry

The SIA commended efforts to strengthen the sector in the US with the Chips and Science act. However, it noted that "...allowing the industry continued access to the China market, the world's largest commercial market for commodity semiconductors, is crucial to avoid undermining the positive impact of this effort".

Perils of Overly Broad Restrictions

The SIA added that "Repeated steps... to impose overly broad, ambiguous and at times unilateral restrictions risk diminishing the US semiconductor industry's competitiveness, disrupting supply chains, causing significant market uncertainty, and prompting continued escalatory retaliation by China."

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