Due to intensified global geo-political tensions, the semiconductor shortage issue might worsen. However, the overwhelming demand for semiconductors has helped the industry witness record sales and rising prices. John Neuffer, the president and CEO of Semiconductor Industry Association (SIA), recently said, “Demand for semiconductor production is projected to rise significantly in the years ahead, as chips become even more heavily embedded in the essential technologies of now and the future.”
Moreover, the passage of the CHIPS Act investments totaling $52 billion to strengthen domestic semiconductor manufacturing and research is predicted to boost the growth of the domestic semiconductor industry.
