KUALA LUMPUR : According to the Semiconductor Sector Association, the US semiconductor industry is committed to following the new export control measures set in reaction to the events in Ukraine (SIA).

While the new laws may have a substantial impact on Russia, SIA president and CEO John Neuffer said in a statement Thursday (Feb 24) that the country is not a large direct consumer of semiconductors, accounting for less than 0.1 percent of worldwide chip imports.

“According to IDC statistics from 2021, the larger Russian ICT market totaled just approximately US$50.3 billion out of a worldwide market of US$4.47 trillion.

“Moreover, the semiconductor sector has a broad collection of major material and gas suppliers, so we do not believe there are any imminent supply disruption threats associated to Russia and Ukraine,” he said.

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