Why Semiconductors Are Outpacing U.S. Manufacturing
In the first 11 months of 2024, the U.S. semiconductor production index surged by 7.1% year over year, even as the broader manufacturing production index fell by 0.5%. Over the past decade, semiconductor production has grown 74%, driven by AI-driven investments and the 2022 CHIPS Act. This disparity underscores the unique momentum of semiconductors as the backbone of AI and technological innovation.
My Take
The semiconductor sector’s success highlights the value of aligning public policy with industry needs. Strategic investments by the government and the private sector in advanced manufacturing and R&D will be critical to scaling production capacity and staying ahead in the global semiconductor race.
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Credit: Econovisuals
This post was enhanced with AI assistance, thoroughly reviewed, edited, and reflects my own thoughts.