SEMI Praises Bipartisan Effort to Pass Trade Promotion Authority

Free and Open Trade Benefits U.S. SEM Companies Big and Small

Washington, D.C. – June 24, 2015 – With crucial Democratic support, the Senate today agreed to give President Obama fast-track negotiating authority to wrap up a 12-nation Pacific Rim agreement and complete a second deal with the European Union. With a final vote of 60-38, the Trade Promotion Authority (TPA) bill will now make its way to the President’s desk to be signed into law.

SEMI applauds the work of the Administration and Congressional leadership to get this important legislation across the finish line.  TPA will help establish concrete rules for international commerce and boost exports for vital U.S. industries.    

U.S. semiconductor and equipment and materials companies export nearly 80% of their products to foreign markets.  Passage of TPA will be a key factor for industry growth in the coming years as the U.S. looks to finalize negotiations on both the Trans-Pacific Partnership and the Trans-Atlantic Trade and Investment Partnership.

TPA is a longstanding and proven partnership between Congress and the executive branch that facilitates negotiation and approval of such trade agreements. SEMI commends this bipartisan approach to level the playing field for U.S. companies engaged in the global marketplace.

SEMI is the global industry association serving the nano- and micro-electronic manufacturing supply chains. Our 1,900 member companies are the engine of the future, enabling smarter, faster and more economical products that improve our lives. Since 1970, SEMI has been committed to helping members grow more profitably, create new markets and meet common industry challenges. SEMI maintains offices in Bangalore, Beijing, Berlin, Brussels, Grenoble, Hsinchu, Moscow, San Jose, Seoul, Shanghai, Singapore, Tokyo, and Washington, D.C. For more information, visit www.semi.org.

Association Contacts

Taylor Sholler/SEMI
Phone: 1.202.393.5552
Email: tsholler@semi.org 

Deborah Geiger/SEMI
Phone: 1.408.943.7988
Email: dgeiger@semi.org