India, Jan. 23 -- SEMI, the leading industry association representing the global semiconductor and electronics design and manufacturing supply chain, released a statement in response to President Trump signing two Presidential Proclamations addressing U.S. semiconductor and critical mineral supply chains.

The first imposes a 25% tariff on certain advanced computing chips, while exempting those imports for specific use cases. It also directs executive branch officials to continue negotiating with trading partners and signals that broader tariffs, along with a tariff offset program to encourage domestic manufacturing, may be implemented in the near future.

The second Proclamation focuses on critical minerals, directing officials to engage...