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| − | + | U.S. Commerce Secretary Wilbur Ross holds a news conference at the Department of Commerce in Washington<br>Thomson Reuters<br><br><br><br><br>(Reuters) - U.S. Commerce Secretary Wilbur Ross sees the U.S. semiconductor industry as still dominant globally but said he is worried that it will be threatened by China�s planned investment binge to build up its own chipmaking industry. <br><br>Ross told Reuters in an interview this week that his agency is considering a [http://edublogs.org/?s=national%20security national security] review of semiconductors under a [https://play.google.com/store/apps/details?id=com.gameking2017.kingrabbitsubwayrunner com.gameking2017.kingrabbitsubwayrunner] 1962 trade law because of their �huge defense implications� including their use in military hardware and proliferation in devices throughout the economy. <br><br>He has launched similar "Section 232" reviews of the U.S. steel and aluminum sectors, where a flood of imports especially from China has depressed prices, threatening the industries� long-term health. <br><br>The probes could lead to broad import restrictions on the metals, and the Trump administration could potentially take similar [http://ccmixter.org/api/query?datasource=uploads&search_type=all&sort=rank&search=actions&lic=by,sa,s,splus,pd,zero actions] based on the findings of a semiconductor investigation. <br><br>"Semiconductors are one of our shining industries, but they have gone from substantial surplus to the beginnings of a deficit," Ross told Reuters. "China has a $150 billion program to take that much further between now and 2025. That is scary." | |
Revision as of 05:59, 16 August 2017
U.S. Commerce Secretary Wilbur Ross holds a news conference at the Department of Commerce in Washington
Thomson Reuters
(Reuters) - U.S. Commerce Secretary Wilbur Ross sees the U.S. semiconductor industry as still dominant globally but said he is worried that it will be threatened by China�s planned investment binge to build up its own chipmaking industry.
Ross told Reuters in an interview this week that his agency is considering a national security review of semiconductors under a com.gameking2017.kingrabbitsubwayrunner 1962 trade law because of their �huge defense implications� including their use in military hardware and proliferation in devices throughout the economy.
He has launched similar "Section 232" reviews of the U.S. steel and aluminum sectors, where a flood of imports especially from China has depressed prices, threatening the industries� long-term health.
The probes could lead to broad import restrictions on the metals, and the Trump administration could potentially take similar actions based on the findings of a semiconductor investigation.
"Semiconductors are one of our shining industries, but they have gone from substantial surplus to the beginnings of a deficit," Ross told Reuters. "China has a $150 billion program to take that much further between now and 2025. That is scary."