Billions in Chips Grants Are Expected to Fuel Industry Growth, Report Finds (1 Viewer)

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    Madeleine Ngo

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    Billions in federal subsidies for semiconductor manufacturers are expected to help reverse a decades-long decline in America’s share of global chip manufacturing.

    The United States will triple its domestic chip manufacturing capacity by 2032, the largest increase in the world, according to a report released on Wednesday by the Semiconductor Industry Association and the Boston Consulting Group. As a result, America’s share of world chip manufacturing is expected to rise for the first time in decades, to 14 percent by 2032, up from about 10 percent...

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