ITI Statement on USTR Section 301 Investigation on Foundational Semiconductors
WASHINGTON – Today, global tech trade association ITI issued the following reaction from its President and CEO Jason Oxman on the Biden Administration’s announcement of a Section 301 investigation into China’s policies related to foundational semiconductors.
“ITI appreciates the U.S. government’s focus on semiconductor industry competitiveness, and we will continue to work with policymakers to advance an effective and innovation-enabling approach. Given that this new initiative could have complex and far-reaching ramifications on the global economy, supply chains, and U.S. leadership, it is critically important that the administration conduct a thorough investigation and not prejudge the outcome.
“The timing of this investigation’s launch is concerning, and we strongly urge officials in the current and incoming administrations to conduct the inquiry in an objective and collaborative manner. Meaningful engagement with industry stakeholders, the U.S. Congress, and international partners will also be necessary, and the tech sector stands ready to provide USTR with appropriate input and feedback.”