(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. "
