Purpose & Basic Principles
"The purpose (of the World Semiconductor Council) will be to promote cooperative semiconductor industry activities, to expand international cooperation in the semiconductor sector in order to facilitate the healthy growth of the industry from a long-term, global perspective.
WSC activities shall be undertaken on a voluntary basis and shall be guided by principles of fairness, respect for market principles, and consistency with WTO rules and with laws of the respective countries or regions of each Member. The WSC recognizes that it is important to ensure that markets will be open without discrimination. The competitiveness of companies and their products should be the principal determinant of industrial success and international trade.
Reference: "Agreement Establishing a New world Semiconductor Council", June 10, 1999; Brussels, Belgium.