SIA Commends Finalization of CHIPS Incentives for GlobalWafers
December 19, 2024 | SIAEstimated reading time: 1 minute
The Semiconductor Industry Association (SIA) released the following statement from SIA President and CEO John Neuffer commending finalization of CHIPS and Science Act manufacturing investments announced by the U.S. Department of Commerce and GlobalWafers. The incentives will support the development of semiconductor wafer production in Texas and Missouri.
“The GlobalWafers facilities in Texas and Missouri will expand domestic wafer production—most of which currently occurs in East Asia—and strengthen America’s semiconductor supply chain, job creation, and economic growth. We applaud GlobalWafers for investing boldly in these projects and commend the Commerce Department for continuing to advance vital CHIPS 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.
Suggested Items
SEMI ISS Europe 2025 Opens Tomorrow to Highlight AI, Sustainability, and Semiconductor Supply Resilience
03/11/2025 | SEMIThe SEMI Industry Strategy Symposium Europe (ISS Europe) 2025 is set to open tomorrow in Sopot, Poland, bringing together top executives, industry experts, policymakers, and thought leaders to delve into how Europe can leverage AI-driven innovation to enhance its global competitiveness.
European Chips Diversity Alliance Hosts Future Proofing Access to Diverse Talent Event to Strengthen Semiconductor Workforce
03/10/2025 | SEMIThe European Chips Diversity Alliance (ECDA), a European Union-funded initiative coordinated by SEMI Europe, today announced a full-day event on March 27 dedicated to advancing underrepresented groups in the semiconductor industry in collaboration with Learnovate, MIDAS Ireland, and EudaOrg.
SIA Applauds TSMC’s Expanded Investment in U.S. Semiconductor Manufacturing
03/10/2025 | SIAThe Semiconductor Industry Association (SIA) today released the following statement from President and CEO John Neuffer regarding the announcement this week by C.C. Wei of TSMC and President Trump.
Global Semiconductor Sales Increase 17.9% Year-to-Year in January
03/07/2025 | SIAThe Semiconductor Industry Association (SIA) announced global semiconductor sales hit $56.5 billion during the month of January 2025, an increase of 17.9% compared to the January 2024 total of $47.9 billion and 1.7% less than the December 2024 total of $57.5 billion.
Teradyne Announces Succession Plan for Semiconductor Test Division
03/07/2025 | BUSINESS WIRETeradyne, Inc. announced that Shannon Poulin has joined Teradyne to succeed Rick Burns as President of the Semiconductor Test Division in Q2 2025. Mr. Burns plans to retire on June 1, 2025.