The semiconductor industry continues to reel under lingering logistic disruptions worldwide. Moreover, the ongoing China-Taiwan conflict could cause further supply-related uncertainties as Taiwanese foundries account for 65% of the global market.
However, rising government and private investments to ramp up chip production should drive the industry’s growth. Recently, President Joe Biden signed the much-awaited, multi-billion-dollar CHIPS and Science Act, which promises to fortify America’s semiconductor industry. He believes it to be “a once-in-a-generation investment in America itself.”
