The extensive usage of semiconductors in a wide range of end-use applications such as electronics, industrial equipment, automotive, networking and communications, and data processing is the major factor that boosts the growth of the global semiconductors market. The global semiconductor market is poised to grow at a CAGR of 7.6% by 2033.
Since introducing the CHIPS Act in Congress, companies within the semiconductor industry have unveiled over 90 new manufacturing projects in the United States, representing nearly $450 billion in investments across 28 states.
