SIA: 's export control to Russia will not cause immediate risk in the global semiconductor supply chain.

Published: Feb 25, 2022 16:01

(SIA), an American semiconductor industry association, issued a statement by President and CEO John Neuffer on new export control rules announced in response to Russia's invasion of Ukraine on Feb. 24, local time.

"the US semiconductor industry fully supports and complies with the new export control rules against Russia in response to deeply disturbing events in Ukraine," the statement said. We are still reviewing the new rules to determine the impact on the semiconductor industry. Although the new rules may have a great impact on Russia, Russia is not an important direct consumer of semiconductors, accounting for less than 0.1 per cent of global chip purchases, according to (WSTS), the world semiconductor trade statistics organization. According to IDC data in 2021, of the $4.47 trillion ICT global market, the Russian market in a broad sense totaled only about $50.3 billion. In addition, the semiconductor industry has a wide range of key material and gas suppliers, so we do not believe there will be any risk of immediate supply disruptions associated with Russia and Ukraine. "

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
China Northern Rare Earth: Major Product Production Hit Record Highs! Net Profit in 2025 Up 124.17% YoY
14 hours ago
China Northern Rare Earth: Major Product Production Hit Record Highs! Net Profit in 2025 Up 124.17% YoY
Read More
China Northern Rare Earth: Major Product Production Hit Record Highs! Net Profit in 2025 Up 124.17% YoY
China Northern Rare Earth: Major Product Production Hit Record Highs! Net Profit in 2025 Up 124.17% YoY
14 hours ago
Multiple Tungsten Companies Continued to Lower Long-Term Contract Quotations, Tungsten Prices Fell Over 16% in More Than One Month, How Will the Market Perform Going Forward? [SMM Commentary]
15 hours ago
Multiple Tungsten Companies Continued to Lower Long-Term Contract Quotations, Tungsten Prices Fell Over 16% in More Than One Month, How Will the Market Perform Going Forward? [SMM Commentary]
Read More
Multiple Tungsten Companies Continued to Lower Long-Term Contract Quotations, Tungsten Prices Fell Over 16% in More Than One Month, How Will the Market Perform Going Forward? [SMM Commentary]
Multiple Tungsten Companies Continued to Lower Long-Term Contract Quotations, Tungsten Prices Fell Over 16% in More Than One Month, How Will the Market Perform Going Forward? [SMM Commentary]
15 hours ago
Tungsten Market Long-Term Contract Support Weakened, Industry Chain Continued to Fluctuate Downward [SMM Tungsten Analysis]
16 hours ago
Tungsten Market Long-Term Contract Support Weakened, Industry Chain Continued to Fluctuate Downward [SMM Tungsten Analysis]
Read More
Tungsten Market Long-Term Contract Support Weakened, Industry Chain Continued to Fluctuate Downward [SMM Tungsten Analysis]
Tungsten Market Long-Term Contract Support Weakened, Industry Chain Continued to Fluctuate Downward [SMM Tungsten Analysis]
[SMM Tungsten Daily Review: Weakening Long-Term Contract Support in Tungsten Market, Industry Chain Continued to Fluctuate Downward] SMM April 21: China's spot tungsten market continued to fluctuate downward today. Major mines primarily fulfilled long-term contracts, while spot orders were hard to come by. Prices of tungsten smelting products, tungsten powder, and recycled materials were generally under pressure. Market pessimism spread further. Profit-taking accumulated from earlier high prices continued to be released, compounded by shrinking industry orders in downstream cemented carbide and cutting tool sectors. End-user procurement nearly came to a standstill. The market remained in a state of unrelenting upstream selling pressure and declining downstream buying volumes, with the overall trading sentiment staying sluggish.
16 hours ago
SIA: 's export control to Russia will not cause immediate risk in the global semiconductor supply chain. - Shanghai Metals Market (SMM)