The U.S. semiconductor industry is set to experience significant growth, driven by substantial investments and government incentives. Companies like TSMC and Intel have announced plans to expand their operations in the U.S., with TSMC deciding to manufacture its most advanced chips domestically. This shift is attributed to the CHIPS Act, which has successfully attracted chipmakers. Investments totaling $327 billion over the next decade are expected to increase U.S. production of the world's most advanced chips to 20% by 2030, up from zero. Additionally, the U.S. chipmaking capacity is projected to triple by 2032, raising its global industry share from 10% to 14%. However, some experts suggest that further legislative measures, such as a CHIPS Act II or III, may be necessary to fully revitalize the industry and compete globally.
US chipmaking capacity is set to triple by 2032, taking the US share of the industry up to 14% from 10% currently, according to projections from the Semiconductor Industry Association https://t.co/Vq37Er0jiB
SIA and Boston Consulting Group: the US will triple its domestic chip manufacturing capacity by 2032, boosting its global chip making share to 14% from 10% now (@maddiengo / New York Times) https://t.co/FFBII1ccqY π« Subscribe: https://t.co/OyWeKSRpIM https://t.co/PeYVJCoFF9
US chip production is poised to explode in coming years, helping ease a risky dependency on East Asia, according to a projection by an industry group https://t.co/1OzSOFHbFo
China will make just 2% of most advanced chips by 2032, report says https://t.co/DkkTuEth0B
Some experts believe a CHIPS Act II or CHIPS Act III could be needed to completely revitalize the U.S. semiconductor industry and compete with inducements in foreign markets. Find out more from our explainer: https://t.co/9VH8krTfvJ
Chip companies & supply chain partners have announced investments totalling $327 billion over the next 10 years in the US, per FT. Commerce Secretary Raimondo notes that by 2030, the US will probably produce around 20% of the worldβs most advanced chips, up from zero today.
An underappreciated success of the CHIPS Act: TSMC wasn't planning to build its most advanced chips in the U.S., but now it has changed its mind, and will make them here after all. https://t.co/UiFVtFfAFZ https://t.co/zK9sPZ3ZHt
Extraordinary U.S. government incentives are proving popular with many large chipmakers, but it is too early to tell how much of the semiconductor industry can be lured back to the United States. Get the latest: https://t.co/XkEBFwoxiI
"Arizona is poised for further momentum after TSMC, Intel and other semiconductor victories." (via @azmoneynews) https://t.co/9Vqgl56oFj