It’s Only Common Sense: Being Your Customer’s Expert—The Key to Consultative Sales
The Chemical Connection: Surface Finishes for PCBs
The Marketing Minute: Go Big or Go Home—Long-form Content Is Your Brand’s Best Friend
SIA Commends CHIPS Act Incentives for Coherent, SkyWater Technology, X-FAB
December 9, 2024 | SIAEstimated reading time: 1 minute
The Semiconductor Industry Association (SIA) released the following statement from SIA President and CEO John Neuffer applauding CHIPS and Science Act manufacturing investments announced by the U.S. Department of Commerce, Coherent, SkyWater Technology, and X-FAB. The Coherent project in Sherman, TX will expand production of indium phosphide wafers. The SkyWater Technology project in Bloomington, MN will expand mature-node foundry capacity. And the X-FAB project in Lubbock, TX will expand production of silicon carbide wafers.
“The CHIPS Act investments announced today will reinforce U.S. supply chains for current-generation and mature-node semiconductors, thereby helping to strengthen America’s economic and national security. We applaud Coherent, SkyWater, and X-FAB for investing ambitiously in the domestic semiconductor ecosystem, and we applaud the Commerce Department for advancing these important incentives.”
The CHIPS Act is on track to strengthen American manufacturing, create jobs, boost economic growth, and promote national security. 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.
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.
Share on:
Suggested Items
Global Semiconductor Equipment Billings Surged to $117 Billion in 2024
04/10/2025 | SEMIWorldwide sales of semiconductor manufacturing equipment increased 10% to $117.1 billion in 2024 from $106.3 billion in 2023, SEMI, the industry association representing the global electronics design and manufacturing supply chain.
Gartner Says Worldwide Semiconductor Revenue Grew 21% in 2024
04/10/2025 | Gartner, Inc.Worldwide semiconductor revenue totaled $655.9 billion in 2024, up 21% from $542.1 billion in 2023, according to final results by Gartner, Inc. NVIDIA climbed to the No. 1 position, overtaking Samsung Electronics and Intel for the first time.
DuPont Ikonic 9000 CMP Pads Win 2025 Edison Award
04/09/2025 | DuPontDuPont announced that its Ikonic™ 9000 series of polishing pads for chemical mechanical planarization (CMP) was awarded a 2025 Bronze Edison Award™ in the AI-driven advancements category.
Cyient Announces the Launch of Semiconductor Subsidiary
04/08/2025 | PRNewswireCyient, a leading global engineering and technology solutions company, announced the launch of its fully owned semiconductor subsidiary, Cyient Semiconductors.
Infineon Bolsters Global Lead in Automotive Semiconductors with Number One Position in Microcontrollers Driving this Success
04/07/2025 | InfineonInfineon Technologies AG bolsters its global and regional market leadership positions in automotive semiconductors, including its very strong position in microcontrollers.