Study finds US to triple its domestic semiconductor manufacturing capacity from 2022 to 2032

US based semiconductor body SIA in partnership with the Boston Consulting Group released a report on the global chip supply chain that projects the United States to triple its domestic semiconductor manufacturing capacity from 2022 to 2032. The projected 203% growth is the largest projected percent increase in the world over that time. SIA see these growth projections due to positive effect from CHIPS and Science Act (CHIPS) enacted in 2022. The study, titled “Emerging Resilience in the Semiconductor Supply Chain,” also projects the U.S. will grow its share of advanced logic (below 10nm) manufacturing to 28% of global capacity by 2032, up from 0% in 2022. Additionally, America is projected to capture over one-quarter (28%) of total global capital expenditures (capex) from 2024-2032, ranking second only to Taiwan (31%). In the absence of the CHIPS Act, the U.S. would have captured only 9% of global capex by 2032, according to the report. While the report finds investments from the industry—facilitated by CHIPS incentives—are on track to reinvigorate semiconductor manufacturing in America and reinforce U.S. chip supply chains, it also identifies policy actions that will further strengthen supply chains, support R&D and chip design, grow the semiconductor workforce, and ensure CHIPS delivers maximum benefits to America’s economic and national security. The report also ana...