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U.S., Japan reach chip accord

Details are still sketchy, but officials from the United States and Japan say they have reached agreement regarding a semiconductor trade dispute between the two countries.
Despite intense efforts, negotiators fell just short of meeting the July 31 deadline, the date when the U.S.-Japan Semiconductor Trade Agreement expired.
Negotiators were haggling over whether to extend the 10-year pact, which set a target of 20 percent market penetration by foreign-owned chipmakers selling into Japan. U.S. officials favored extension. Japan argued to trash that agreement, instead establishing a global forum on the semiconductor industry to moderate disputes.
Last month, executives from semiconductor-related businesses in Rochester were expressing mixed opinions on the issue.
Some, like Christine Whitman, supported the U.S. position. The president of CVC Products Inc. said that selling its equipment, which is used in semiconductor manufacturing, was difficult in the closed Japanese market. She was eager to see the U.S. government support American companies there.
President David Camp says Kayex Corp. has met with success in Japan, and would do so without the trade accord. Kayex makes furnaces for growing silicon crystals used in chipmaking.
According to wire reports, the United States and Japan now agree on the agreement’s general framework, but continue to hash out details, such as how data on Japan’s semiconductor market will be collected. Unlike the previous pact, the governments would take only a minor role in monitoring the industry.

U.S., Japan reach chip accord

Details are still sketchy, but officials from the United States and Japan say they have reached agreement regarding a semiconductor trade dispute between the two countries.
Despite intense efforts, negotiators fell just short of meeting the July 31 deadline, the date when the U.S.-Japan Semiconductor Trade Agreement expired.

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