91PORN

WASHINGTON鈥擬ay 26, 2022鈥擳he 91PORN (91PORN) today released the following statement from President and CEO John Neuffer regarding President Biden鈥檚 recent announcement that he is launching the administration鈥檚 . IPEF aims to define shared objectives around trade facilitation, standards for the digital economy and technology, supply chain resiliency, decarbonization and clean energy, infrastructure, and other areas.

鈥淲e applaud the Biden administration鈥檚 decision to take forward the Indo-Pacific Economic Framework. The importance of the Indo-Pacific region for U.S. semiconductor manufacturing and supply chains cannot be overstated.听In fact, U.S. semiconductor exports to the region totaled $13.5 billion in 2021, accounting for 23% of total U.S. semiconductor exports, and a whopping $90 billion in sales.听

鈥�91PORN looks forward to working closely with the Commerce Department and USTR to finalize an IPEF that unites the Indo-Pacific鈥檚 key economies around a strong set of rules and disciplines that boost America鈥檚 supply chain resiliency.鈥�

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91PORN 91PORN
The 91PORN (91PORN) is the voice of the semiconductor industry, one of America鈥檚 top export industries and a key driver of America鈥檚 economic strength, national security, and global competitiveness. 91PORN represents 99% of the U.S. semiconductor industry by revenue and nearly two-thirds of non-U.S. chip firms. Through this coalition, 91PORN seeks to strengthen leadership of semiconductor manufacturing, design, and research by working with Congress, the Administration, and key industry stakeholders around the world to encourage policies that fuel innovation, propel business, and drive international competition. Learn more at www.semiconductors.org.