Beyond the Board: Empowering the Next Generation of Tech Innovators in Electronics
The Government Circuit: Trump’s Trade War Disrupts the Electronics Ecosystem
Defense Speak Interpreted: Update on the Continuing Resolution and Budget Process for Defense
SIA Applauds CHIPS Act Incentives for Wolfspeed Manufacturing in North Carolina and New York
October 16, 2024 | SIAEstimated reading time: 1 minute
The Semiconductor Industry Association (SIA) today released the following statement from SIA President and CEO John Neuffer applauding semiconductor manufacturing incentives announced by the U.S. Department of Commerce and Wolfspeed.
The incentives, which are part of the CHIPS and Science Act, will support the construction of Wolfspeed’s new silicon carbide wafer manufacturing facility in North Carolina and the expansion of their existing facility in New York. Silicon carbide wafers offer significant energy efficiency and durability advantages, and they are used in a range of technologies including EVs, renewable energy facilities, national security systems, AI, and more.
“Today’s announcement is a big win for American semiconductor production, innovation, and sustainability. A robust domestic supply of silicon carbide wafers will enable us to fill gaps in the U.S. semiconductor supply chain and strengthen America’s economic and national security. Wolfspeed’s expansion will continue to advance key priorities of the CHIPS and Science Act, bringing more semiconductor production, jobs, and innovation to U.S. shores. We applaud Wolfspeed for their continued investment in U.S. manufacturing, and we salute the U.S. Department of Commerce for continuing to diligently advance CHIPS incentives.”
The U.S. Department of Commerce previously announced incentives for a range of companies and projects that will help strengthen the U.S. semiconductor supply chain.
The CHIPS Act’s manufacturing incentives have sparked substantial announced investments in the U.S. In fact, companies in the semiconductor ecosystem have announced 90 new projects across 28 U.S. states—totaling hundreds of billions of dollars in private investments—since the CHIPS Act was introduced. These announced projects will create more than 58,000 jobs in the semiconductor ecosystem and support hundreds of thousands of additional U.S. jobs throughout the U.S. economy.
An SIA-Boston Consulting Group report released in May projected the United States will triple its domestic semiconductor manufacturing capacity from 2022—when CHIPS was enacted—to 2032. The projected 203% growth is the largest projected percent increase in the world over that time. The report also projected America will capture over one-quarter (28%) of total global capital expenditures (capex) from 2024-2032.
Share on:
Suggested Items
KEC International Lands New Orders, Including Semiconductor Breakthrough
05/14/2025 | KEC InternationalKEC International Ltd., a global infrastructure EPC major and RPG Group company, has announced securing new orders totaling ₹1,034 crores across its diverse business segments.
DuPont to Showcase Advanced Semiconductor Wet Etching Innovations at the Surface Preparation and Cleaning Conference
05/13/2025 | DuPontDuPont announced that it will present its latest developments in semiconductor wet etching technologies at the upcoming Surface Preparation and Cleaning Conference (SPCC) in Chandler, Arizona, beginning May 20.
SMC Korea 2025 to Spotlight Next-Generation Memory and Materials Innovation amid AI Boom
05/13/2025 | SEMIThe Strategic Materials Conference (SMC) Korea 2025 is set to convene on May 14 at the Suwon Convention Center in Gyeonggi-do, South Korea, bringing together leading experts and innovators to highlight the critical role of materials innovation in addressing the performance, efficiency, and scalability requirements of AI-enabled semiconductor devices.
DENSO, ROHM Reach Basic Agreement to Establish a Strategic Partnership in the Semiconductor
05/12/2025 | DENSODENSO CORPORATION and ROHM Co., Ltd. are pleased to announce that the two companies have reached a basic agreement to establish a strategic partnership in the semiconductor field. This agreement follows discussions and considerations that began in September 2024.
SEMI Applauds New Bill to Clarify Tax Credit Eligibility for Critical Semiconductor Suppliers Under U.S. CHIPS Act
05/12/2025 | SEMISEMI, the industry association serving the global semiconductor and electronics design and manufacturing supply chain, announced support of the Strengthening Essential Manufacturing and Industrial Investment Act (SEMI Investment Act), which clarifies that critical materials suppliers to semiconductor manufacturers are eligible for the Advanced Manufacturing Investment Tax Credit (“Section 48D”) created by the United States CHIPS and Science Act.