According to a recent article from Electronics 360, the CHIPS and Science Act has significantly boosted the American semiconductor supply chain, two years since its passage. The U.S. Department of Commerce has allocated over $30 billion to chipmakers, fostering a surge in domestic manufacturing.
Key highlights:
- Increased investments: Over 80 new semiconductor projects, totaling $450 billion in private investments, have been announced across the U.S.
- Job creation: These projects will create over 56,000 direct jobs and support thousands more indirectly.
- Major foundry expansion: Intel, TSMC, and Samsung are among the leading companies expanding their domestic manufacturing operations.
- Smaller vendors benefit: Smaller chipmakers like BAE Systems and Micron Technology have also received funding to support their growth.
- R&D and tech hubs: The CHIPS Act is investing in research and development, as well as establishing tech hubs across the country.
As the CHIPS Act continues to be implemented, we can expect further investments, job growth, and advancements in semiconductor manufacturing. The future of the American semiconductor industry looks promising, with the potential to strengthen national security and economic competitiveness.
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