SMT007 Magazine

SMT007-Feb2025

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76 SMT007 MAGAZINE I FEBRUARY 2025 The U.S. Department of Commerce announced that CHIPS for America awarded the Semiconductor Research Corporation Manufacturing Con- sortium Corporation (SRC) $285 million to establish and operate a CHIPS Manufacturing USA institute headquartered in Durham, North Carolina. Biden-Harris Administration Awards SRC $285M for New CHIPS Manufacturing USA Institute for Digital Twins TOP TEN EDITOR'S PICKS Marcy LaRont, a printed circuit board (PCB) industry veteran who has been working as the managing editor for PCB007 Magazine this past year, has been named executive director of the I-Connect007 group of publications, which was purchased by IPC in 2022. She succeeds Barry Matties, publisher and original founder of the I-Connect007 publications, who will continue on in an advisor capacity. Marcy LaRont Named I-Connect007 Executive Director Global Citizenship: The Future of U.S.-China Collaborations The PCB industry is often referred to as the back- bone of modern electronics, and so the collabora- tion between China and the United States, the world's two largest economies, plays a critical role in shaping the future of this industry. As we look ahead, it's essential to understand the dynamics at play, the challenges that lie ahead, and the opportunities that could arise from a balanced and strategic partnership between these two giant countries. During his 2024 presidential campaign, President Donald Trump suggested imposing a universal tariff of at least 10% on all imports, a 60% tariff on goods originating from China, blanket tariffs of 25% on all products imported from Canada and Mexico and a further 10% tariff to all existing duties on Chinese imports. These potential measures emerge against a backdrop of shifting trade patterns. Trade Tensions and Tariffs: Who Bears the Cost in These Shifting Trade Patterns?

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