91成人

Semiconductor CEOs Urge Congress to Enact Trade Promotion Authority to Spur Growth, Innovation

by 91成人

WASHINGTON鈥擜pril 16, 2015鈥擳he 91成人 (91成人), representing U.S. leadership in semiconductor manufacturing and design, today applauded bipartisan Trade Promotion Authority (TPA) legislation introduced by Senate Finance Committee Chairman Orrin Hatch (R-Utah), Ranking Member Ron Wyden (D-Ore.), and House Ways and Means Committee Chairman Paul Ryan (R-Wisc.). The 91成人 board of directors, led by Intel CEO and 91成人 chairman Brian Krzanich, sent a letter today to congressional leaders expressing support for the legislation and urging its swift passage. Additionally, 91成人 president and CEO John Neuffer released the following statement in support of the bill:

鈥�91成人 strongly supports Trade Promotion Authority (TPA) and applauds the introduction of this bipartisan legislation. TPA paves the way for free trade by empowering U.S. negotiators to reach final trade agreements consistent with negotiating objectives laid out by Congress. Free trade is especially critical to the U.S. semiconductor industry, which designs and manufactures the chips that enable virtually all electronics. Our industry relies on a global ecosystem of materials and equipment suppliers, technology providers, services, R&D, and customers, so we depend on open access to international markets.

鈥淚n 2014, U.S. semiconductor company sales totaled $173 billion, representing over half the global market, and 82 percent of those sales were to customers outside the United States. The U.S. semiconductor industry employs nearly 250,000 people in high-skilled, high-wage jobs in America, and supports over one million additional U.S. jobs. Since most of the U.S. semiconductor industry鈥檚 customers are abroad, free trade is critical to creating and supporting these U.S. jobs.

鈥淭he United States is currently pursuing the Trans-Pacific Partnership (TPP) and the Transatlantic Trade and Investment Partnership (TTIP), two important trade agreements that would result in billions of dollars in global trade of semiconductor products. Without TPA, these agreements may never see the light of day.

鈥淭PA makes sense for America and for the future prosperity of Americans. We commend Chairman Ryan, Chairman Hatch and Ranking Member Wyden for introducing this pro-growth legislation and urge lawmakers to act swiftly to approve it.鈥�