WASHINGTON — The Semiconductor Industry Association today said it was "troubled" by the recent escalation of US-China trade and technology tensions.

In a statement, president and CEO John Neuffer said: “We are troubled by the recent setback in US-China negotiations and the escalation of tensions on both sides but remain hopeful a mutually beneficial agreement is still within reach. Too much is at stake for the world’s two largest economies to not find a productive path forward.

“We are monitoring developments related to the supply chain executive order and the impending action by the Department of Commerce to add Huawei to Commerce’s Entity List. We recognize the resilience of our nation’s cybersecurity infrastructure is critical to national security and urge the administration to implement these actions in a fully transparent manner that incorporates input from US industry and addresses US national security concerns without undermining this country’s global technology leadership and competitiveness.”

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