Global Confectionary Market Flourishes in 2024 with other Ecological Benefits
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
Latest News
Global Confectionary Market Flourishes in 2024 with other Ecological Benefits
Confectionary market is the robust-selling segment in the food and beverages industry. It is growing with new market trends in 2024. Confectionary industry is gaining momentum due to consumer’s growing preferences to delicacies of different desserts…
Preference to AI Tools is Limited to Group as Per Surveys of 2024
Artificial intelligence is driving all industries with cutting-edge technologies and solutions. In 2024, generative AI is transforming the markets from industrial to healthcare, technology, and others. Many reputed industrial leaders have stated that…
Europe’s Wind Power to Boom in 2024
Europe's wind power industry for the year 2024 seems to have antics of growth and probably other challenges while continuing with the shift towards the use of renewable energy. Development and investment activities like the European  Union's…
Europe on a Verge to Face Energy Crisis
Europe's gas storage levels have been depleting at a faster pace over the years. In the last eight years, European gas storage has experienced a stunt decrease. The survey reports for 2024 show that the European region is experiencing depleting…
Slow Evolving Automotive Market may Impact Green Transition
The global automotive industry faces multiple challenges in 2024. It is due to several other reasons apart from its affordability. Since the beginning of 2024, automotive trends have been evolving, shaking the balance of the automotive domain. A…
Shubham Munde
Research Analyst Level II
