The president of the Semiconductor Industry Association recently testified before Congress on the dangers and costs of counterfeit electronic components.
“The catastrophic failure risk inherently found in counterfeit semiconductors places our citizens and military personnel in unreasonable peril. A counterfeit semiconductor is a ticking time bomb,” Brian Toohey, the president of the Semiconductor Industry Association told the Senate Armed Services Committee, which is investigating counterfeit electronic parts in the Department of Defense supply chain.
“Counterfeiters violate American companies’ intellectual property rights and cost American’s jobs. We estimate that counterfeiting costs US-based semiconductor companies more than $7.5 billion each year.
For more information on Toohey’s testimony before the Senate committee see: SIA President Testifies on Dangers of Counterfeit Chips