###### Public Policy
onsemi supports public policies that encourage the innovation, investment and open markets that enable us to create the intelligent power and sensing technologies that solve the world's most complex challenges, leading the way to a safer, cleaner and smarter world.
Our public policy program reflects our profile as a global company headquartered in the United States that interacts regularly with government agencies around the world. Much of our public policy [advocacy is performed through the U.S. Semiconductor Industry](https://www.semiconductors.org/) [Association (SIA), although our company is also a member of other](https://www.semiconductors.org/) industry associations as well as local associations and chambers in the regions in which we operate.
onsemi is a founding member of the Semiconductor Climate Consortium (SCC) focused on the challenges of climate change and working to speed industry value chain efforts to reduce greenhouse gas emissions in member company operations and in other sectors across the semiconductor value chain.
[We have been an active participant in the World Semiconductor](https://www.semiconductorcouncil.org/) [Council (WSC), an organization composed of the world's leading](https://www.semiconductorcouncil.org/) semiconductor industry associations from China, Chinese Taipei, Europe, Japan, South Korea and the U.S. The organization meets annually at the CEO level to make recommendations to governments and authorities on issues such as expanding the global market for information technology products by promoting fair competition, sound environmental and health and safety practices, intellectual property rights and open markets.
###### Statement on Political Contributions
Participating in political activities is a very sensitive and complex area. Strict laws govern our political activities as a United States company. For this reason, onsemi does not make political contributions to individual candidates. In the U.S., companies and other organizations may organize political action committees (PACs); however, we chose not to have a PAC and did not make political contributions in the company's name in 2023.
|IN 2023, WE SUPPORTED THE FOLLOWING PUBLIC POLICIES:|Col2|
|---|---|
|Pro-Innovation, Pro-Growth Business Environment|We work with the SIA and our other associations to support United States government policies that promote innovation and growth. This includes the implementation of Creating Helpful Incentives to Produce Semiconductors (CHIPS) Act, which was signed by the President in August 2022. The CHIPS Act provides $52 billion in federal incentives for semiconductor manufacturing in the U.S. to increase the share of global wafer fabrication capacity located in the U.S. from its then-current level of only 12 percent, for semiconductor-related research and development at universities and national laboratories and for government actions to ensure a well-educated semiconductor workforce.|
|Open Markets and Fair Competition Stopping Counterfeit Semiconductors Energy Efficiency, Fuel Economy and Automotive Safety|We actively work to promote policies that open markets and create fair competition. Working through our trade associations, we oppose tariffs on semiconductors, including the 25 percent tariffs that the U.S. imposed in 2018 on imports of semiconductors from China and tariffs on digital trade, which could burden global chip design teams who tap into expertise around the globe as they transfer digital design files across multiple borders. We work through the WSC to promote transparency on government subsidies, which depending on size, scope and discriminatory application have the potential to distort fair competition in global semiconductor markets. We also recommend that when the U.S. government imposes export controls, it does so under two conditions: 1) only to the extent necessary to protect national security; and 2) only if the controlled U.S. items cannot be easily substituted with foreign-sourced items. Counterfeit semiconductors are unreliable and can fail at any time. The semiconductor industry has found counterfeits in airbags, train-braking systems and other applications where a failure can have serious health or safety consequences. In 2023, we assisted law enforcement to identify and seize counterfeit goods and remove them from the marketplace. We have been an ally member of the American Council for an Energy-Efficient Economy (ACEEE), a thought leader on energy efficiency policies such as the deployment of electric vehicles. Additionally, we have been a member of the Motor & Equipment Manufacturing Association (MEMA), which advocates for legislation and regulations related to fuel economy and automotive safety, such as ADAS (including automatic emergency braking and policies to facilitate the introduction of autonomous vehicles).|