The Semiconductor Industry Association (SIA) has submitted a report to the U.S. Department of Commerce outlining actions required to meet the goal of doubling semiconductor exports by 2014. The SIA report models a doubling of chip exports to $76 billion in 2014 through a combination of market growth, increased market share overseas by U.S.-headquartered companies, and increased activity in the U.S.
“The semiconductor industry strongly supports the goal of doubling U.S. exports over the next five years as outlined by President Obama in his State of the Union Address,” said SIA President George Scalise. “Over the past five years, semiconductors have been America’s number-one export product, averaging $48 billion per year in international sales.”
“Projected growth of the global semiconductor market will drive U.S. semiconductor exports to $56 billion in 2014 if we merely maintain our current market share,” said Scalise. “To achieve the goal of doubling total exports, we will have to grow our market share and increase activity in the U.S. Doubling exports will require strengthening the competitiveness of U.S.-based companies and adopting policies to encourage investment in research and manufacturing in America. The document we have submitted to the Department of Commerce outlines policy recommendations to meet these goals,” Scalise concluded.
The SIA policy recommendations included:
- Putting funding for basic research at national laboratories and U.S. universities on path to double by 2016
- Enacting tax policies that will retain and attract investment in R&D and manufacturing facilities in America
- Reforming U.S. export controls and streamlining the licensing process
- Providing incentives to promote energy efficiency and development of renewable energy sources
- Avoiding climate change policies that add costs, limit flexibility, and otherwise make U.S. companies less competitive
- Enhancing the U.S. workforce through education reform, expanding research programs at U.S. universities, and immigration reform to make it easier for foreign students graduating from U.S. universities with masters and PhD degrees to obtain green cards
Complete text of report to the Department of Commerce: Doubling Semiconductor Exports Over the Next Five Years (pdf)
The SIA is the voice of the U.S. semiconductor industry, America’s number-one export industry over the past five years. SIA seeks to continue U.S. leadership in this critical sector that employs 185,000 people in the U.S., and provides the enabling technology for America’s $1.1-trillion high-tech industries with a U.S. workforce of nearly 6 million people. More information about the SIA can be found at www.sia-online.org.