Last time, as the first step, we held a seminar on the theme of "The ideal way of the global semiconductor supply chain that holds the key to the future." The semiconductor industry is still in a difficult situation. This time, as the second step, we will hold a seminar on the semiconductor industry. As a result of the questionnaire of the previous event, the most common opinion was that "each company should increase the weight of doing business with overseas companies at its own discretion.” It has become clear that the distinction between politics and business should be clarified, and that companies should focus on strengthening their business. Currently, the United States and China are proceeding with further decoupling because of security risks. New export regulations should be reviewed. While the agreement on technology outflow prevention is progressing, Companies are forced to judge the balance between security and business at their own discretion. This seminar will be summarized the latest export control situation. Specifically, we plan to delve into specific measures that Japanese companies should take. at the same time, We are planning to hear the voices of the industry. What will happen to the semiconductor shortage after 2022? Is it going to get worse or will the situation improve? We will also introduce the medium-term semiconductor market outlook.