18 months on from the CHIPS and Science Act, this well-funded federal program to drive semiconductor manufacturing and innovation is making progress. Christian Annesley gets you up to speed
On the global stage, it has been a bumpy ride of late in the semiconductor industry. Supply chain disruptions that started with the pandemic in 2020 were still rippling through the industry in 2023, and production fell 8% – though it’s important to note that sales were still over half a trillion dollars and the third-highest ever.
Semiconductor production is due to rebound this year, but in the US there is another pressing dynamic at play: the more than $50bn of federal government incentives to grow semiconductor manufacture stateside and to foster a bigger culture of innovation and advanced chip-making. This innovation scene is well-established already but needs support to grow rapidly in the context of a global ‘arms race’ when it comes to chip development as well as manufacture.
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