Despite supply chain disruptions brought on by the United States’ conflict with China, the semiconductor industry continues to expand significantly due to the growing demand for chips widely employed in various equipment and across multiple sectors. Furthermore, the industry is projected to witness significant growth in the long run with the advancement of emerging technologies.
Additionally, increasing corporate and government investments should bolster the industry’s growth. Last year, President Joe Biden signed the CHIPS and Science Act into law to strengthen domestic semiconductor production and innovation. The CHIPS and Science Act provided approximately $52 billion in chip manufacturing incentives, investments, R&D, and workforce development.
