According to the SIA, just four months after the promulgation of the CHIPS and science lawThe semiconductor industry has already announced dozens of projects totaling $200 billion in investment that will create more than 40,000 direct jobs in the United States.
Among the forty projects listed, the most important concern TSMC (2 new fabs worth 40 billion in Arizona), Intel (2 new fabs worth 20 billion in Arizona, 2 new fabs worth 20 billion in Ohio, as well as an extension fab in New Mexico ), Micron (several projects in Idaho and New York State), Samsung (up to 17 billion in Texas), etc. In terms of equipment and materials, the most important is the project of the Taiwanese wafer producer GlobalWafers (5 billion dollars in Texas).
With the adoption of the CHIPS and Science Act in August 2022, Washington policymakers took a historic step to attract investment in semiconductor manufacturing and innovation to the United States, welcomes the American Association of Chipmakers. And while the new law has yet to be actually implemented to realize its potential, the CHIPS Act has already sparked private investment in the US that will strengthen the US economy, job creation and community resilience in the supply chain. supply, argues the SIA.
From the preparation of the law in the spring of 2020 until the months after it went into effect, companies in the semiconductor ecosystem have announced dozens of plans to increase manufacturing capacity in the United States, the professional organization said. Thus, more than 40 new semiconductor projects have been announced in the United States, including the construction of new fabs, the expansion of existing sites, as well as projects from suppliers of materials and machinery used in chip production.
Nearly $200 billion of investment in 16 states
As part of these new projects, 40,000 new jobs have been announced, which will support many more indirect jobs in the US economy.
In anticipation of CHIPS and Science Act incentives, some projects have already commenced construction activities, with production slated to start as early as late 2024. Other projects will begin the construction phase in 2023. And some projects may operate at a pace even faster program, especially those involving upgrades or tool additions to existing installations.
Announced projects include the construction of 23 new chip factories and the expansion of 9 factories.
The increase in plant construction is also spurring investment from suppliers of materials, chemicals and equipment. As a result, companies that supply semiconductor manufacturing equipment and the materials used in chip manufacturing, including high-purity chemicals, specialty gases and silicon wafers, have announced plans to invest in several facilities to support the increase of manufacturing capacity in the United States.
The total impact of new factories, existing factory expansions, and equipment and materials supply projects amounts to nearly $200 billion in business investment and the creation of approximately 40,000 jobs along the U.S. semiconductor supply chain. United States. Job creation in this sector supports jobs throughout the US economy. In fact, a 2021 SIA-Oxford economic study found that for every U.S. worker employed directly by the semiconductor industry, 5.7 other jobs are supported in the broader U.S. economy.
Just four months after the CHIPS and Science Act went into effect, the semiconductor industry responded enthusiastically by anticipating the incentives and subsidies it provides, announcing and launching dozens of projects totaling $200 billion in private investment in the United States.
The SIA looks forward to working with the Department of Commerce to ensure that the CHIPS Act is implemented effectively, efficiently and in a timely manner. This will help invigorate U.S. chip manufacturing and innovation and provide important benefits to the U.S. economy, job creation, national security, supply chain resilience and technology leadership, the organization insists professional.
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