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Dear IPC Members:
If it’s Friday afternoon, it’s time for your weekly five-minute update on current government policy actions that may affect our industry – and your business.
Top of mind this week: President Biden issued a presidential determination (PD) in March that aims to leverage the Defense Production Act to drive more investment in the PCB and semiconductor advanced packaging industries. Now IPC is working to secure $100 million in Fiscal 2024 appropriations to support the implementation of this PD. Read on to learn how you can join in our effort. |
Also this week, IPC issued its latest Economic Outlook Report, which indicates an easing of supply chain pressures everywhere. But that trend could prompt weaker growth in the second half of the year.
Please let us know if you have any government-related questions or concerns.
All the best,
Chris Mitchell
Vice President, Global Government Relations
The Headlines at a Glance:
TOP NEWS OF THE WEEK
- Join IPC in Asking Congress to Support the PCB Sector
QUOTE OF THE WEEK
- IPC Chief Economist Shawn DuBravac on the Current Economic Outlook
IPC ADVOCACY AND YOU
- How Can Government Help or Hurt You in 2023?
ENVIRONMENT AND HEALTH
- EU Eyes Total Ban on PFAS Chemicals; IPC Needs Your Company’s Input
- IPC Signs on to Joint Industry Letter to Streamline Eco-Design Regs
TRADE AND SUPPLY CHAIN
- EU Institutions Reach Deal on European CHIPS ACT
- IPC Report Sees Manufacturing Pessimism, Continuing Inflation
UPCOMING EVENTS
- Critical Environmental Requirements for Electronics, June 6
- Quarterly Economic Update and Market Outlook Webinar, June 27
HELP US SPREAD THE WORD ON SOCIAL MEDIA
KEEP IN TOUCH WITH US
TOP NEWS OF THE WEEK
Join IPC in Asking Congress to Support Investment in the PCB Sector: In March, U.S. President Joe Biden issued a presidential determination (PD) that aims to leverage the Defense Production Act to drive more investment in the PCB and semiconductor advanced packaging industries. Now IPC is working to secure $100 million in Fiscal 2024 appropriations to support the implementation of this PD, which both the President and the Dept. of Defense have called a national security priority. To strengthen our push on Capitol Hill, we need your support. Please let us know by next Friday, May 12, if your company will sign on to this letter that will be sent later this month to key members of Congress. IPC Contact: SuhaniChitalia@ipc.org.
QUOTE OF THE WEEK
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“Supply constraints are easing everywhere, which on the surface looks like a good thing. But it likely also means that backlogs will wane in the second half of the year. In the absence of new demand, output will likely be weak.”
– IPC Chief Economist Shawn DuBravac comments on the current economic outlook |
IPC ADVOCACY AND YOU
How Can Government Help or Hurt You in 2023? IPC maintains an open survey to gather information on the top concerns of electronics manufacturing professionals like you and how government policies can either help or hurt you in the next few years. The survey, which will help shape IPC's advocacy efforts in 2023, takes only a few minutes to complete and is a great opportunity to voice your concerns and shape future policies. Read an IPC blog about how you can be involved in IPC advocacy in 2023. IPC Contact: Chris Mitchell.
ENVIRONMENT & HEALTH
EU Eyes Total Ban on PFAS Chemicals; IPC Needs Your Company’s Input: In anticipation of a potential EU ban on per- and polyfluoroalkyl substances (PFAS), IPC is asking industry actors for information on uses of PFAS in your supply chains. Absent such information, regulators may conclude that a PFAS ban would have no impact on our industry, and supply chain disruptions are possible. Contact IPC’s Suhani Chitalia for more information; read her recent blog in the topic; and stay tuned for an urgent call-to-action on this issue.
IPC Signs on to Joint Industry Letter to Streamline Eco-Design Regs: IPC and over a dozen other associations have submitted a joint statement to the European Parliament and European Council on the Eco-Design for Sustainable Product Regulation (ESPR), urging Europe to focus more tightly on environmental and climate-related goals. Industry encourages social sustainability policies to be addressed through other mechanisms to ensure consistent and non-conflicting policies. IPC Contact: Suhani Chitalia.
TRADE AND SUPPLY CHAIN
EU Institutions Reach Deal on European CHIPS ACT: Recently the EU Institutions reached a provisional political agreement on the European Chips Act, paving the way to a regional framework on the European semiconductor ecosystem and supply chain security. The proposal has been the subject of months-long negotiations with the European Parliament and European Council, and now it must be finalized, endorsed, and formally adopted by the parliament and the council. IPC welcomes the deal’s emphasis on strengthening Europe’s advanced packaging capability and its overall electronics manufacturing ecosystem. See our position on the initial draft legislation. Also recently, IPC together with iMaps organized an executive meeting with EU policy representatives in Brussels, addressing the need for a long-term, silicon-to-systems approach to reinforcing Europe’s electronics manufacturing base. Read more in this IPC blog. IPC Contact: Alison James.
IPC Report Sees Manufacturing Pessimism, Continuing Inflation: According to the latest IPC Economic Outlook Report, while inflation remains stubbornly high, economic growth is slowing. U.S. manufacturing sentiment fell for the fifth consecutive month in April, and the base case scenario for the United States suggests a recession in the middle two quarters of the year. Overall, the U.S. economy should grow about 1.2 percent this year, but growth will be weak in the second half of the year. IPC Contact: Shawn DuBravac
UPCOMING EVENTS
Critical Environmental Requirements for Electronics Conference 2023: Virtual, June 6, 2023. How can you stay informed on chemical, product, and sustainability policies that affect the electronics industry? Join IPC and Information Technology Industry Council (ITI) for the 2023 Virtual Critical Environmental Requirements for Electronics Conference where industry experts will lead discussions on chemical restrictions, eco-design policies in the United States and European Union; per- and polyfluoroalkyl substances (PFAS) regulations; and more. IPC Contact: Suhani Chitalia.
Quarterly Economic Update and Market Outlook Webinar: On June 27, 2023 at 11:00 am EDT, IPC will host a free webinar, Economic Update and Market Outlook. Don't miss out on this opportunity to stay up to date on the latest economic developments and gain valuable insights from IPC Chief Economist Shawn DuBravac as he helps you navigate an uncertain economic landscape.
HELP US SPREAD THE WORD ON SOCIAL MEDIA
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IPC signs on to streamline the Eco-design for Sustainable Product Regulation (ESPR) to emphasize ESPR’s focus on environmental and climate-related goals. See letter here. |
The U.S. government is expanding its efforts to enhance #circularity across multiple sectors. On June 6, Liz Nichols, Ph.D., U.S. Department of State, will present “An Overview of U.S. Efforts to Enhance Circularity” at the IPC/Information Technology Industry Council (ITI) Critical Environmental Requirements for Electronics Conference. Learn more. |
KEEP IN TOUCH WITH US
Spring Issue of IPC Community Now Available for Download: Don’t miss the Spring issue of IPC Community, now available for download. This quarterly publication was created with IPC members and industry in mind! In this issue, readers will find articles, interviews, columns, graphics, surveys, IPC member benefits, and so much more. Download a copy.
Meet the IPC GR Team: Whether it is engaging with policymakers in the Americas, the European Union, or Asia, the IPC Government Relations (GR) Team proactively seeks opportunities to educate, inform and influence policymakers on policies that spur innovation, growth and competition, while protecting human health and the environment. But our success depends on your support and engagement. Learn more and get involved in IPC advocacy today! IPC Contact: Chris Mitchell.
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Contact one of us if you have any questions or insights to contribute.
See prior editions of Global Advocacy Report.
Explore our IPC Government Relations information online.
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