According to TechSci Research report, “United States Semiconductor Market – By Region, Competition Forecast & Opportunities, 2018-2028,” The United States Semiconductor Market is poised to achieve significant growth in the forecast period, driven by dynamic trends and technological advancements in the semiconductor industry, coupled with increasing consumer demand for electronic devices.
Request For Sample Copy of Report For More Detailed Market insight: https://www.techsciresearch.com/sample-report.aspx?cid=17188
Factors such as rising foreign investments, robust policies supporting chip production, growing demand for smart appliances, and expanding electric vehicle (EV) fleets are key contributors to this market expansion. The proliferation of Artificial Intelligence (AI), Internet of Things (IoT), and machine learning technologies further enhances market opportunities by accelerating the processing capabilities of memory chips to handle vast amounts of data efficiently. Moreover, diverse sectors’ escalating need for faster and more advanced chips is expected to propel market growth in the foreseeable future.
The United States ranks as the fifth-largest semiconductor manufacturer globally, accounting for approximately 12% of global production. In 2022, U.S. semiconductor firms allocated USD 50 billion toward production expansion under a government initiative aimed at enhancing domestic manufacturing capabilities. This initiative includes the CHIPS and Science Act, which earmarks USD 39 billion for domestic semiconductor manufacturing facilities and substantial funding for semiconductor R&D and workforce development programs. These efforts are designed not only to bolster manufacturing capacity but also to fortify the semiconductor industry as a whole, enabling it to withstand supply disruptions, drive technological advancements, and secure strategic positions in future industry landscapes.
Foreign and local government investments have also played a pivotal role in bolstering the U.S. semiconductor industry. For instance, IBM announced a USD 20 billion investment in New York’s Hudson Valley over the next decade to advance semiconductor manufacturing, mainframe technology, artificial intelligence, and quantum computing. TSMC, a prominent semiconductor manufacturer, plans to triple its investment in the U.S., including the construction of a second chip fabrication facility in Arizona to meet growing demand for automotive power electronics, 5G cell phone chips, and industrial chips and sensors.
Additionally, Micron, one of the largest semiconductor companies in the United States, plans to invest up to USD 100 billion over the next two decades to establish a new Megafab in Central New York, with an initial USD 20 billion investment slated by the end of the decade. This initiative represents the largest private investment in New York aimed at bolstering the semiconductor market.
Collectively, these strategic investments and initiatives are set to drive substantial growth in the United States semiconductor market in the coming years, reinforcing the country’s position as a global leader in semiconductor innovation and production.
Browse over XX market data Figures spread through XX Pages and an in-depth TOC on “United States Semiconductor Market.”@ https://www.techsciresearch.com/report/united-states-semiconductor-market/17188.html
The United States Semiconductor Market is categorized by component, node size, application, type, material type, region, and competitive landscape. Within the type segment, extrinsic semiconductors are anticipated to lead the market. Extrinsic semiconductors offer distinct advantages over intrinsic semiconductors, including higher electrical conductivity and low resistivity at normal temperatures. Their widespread use in transistors, bipolar transistors, and field-effect transistors has significantly driven demand nationwide.
In terms of application, the consumer electronics segment is poised to dominate the United States semiconductor market. Major companies are heavily investing in new device introductions to meet the escalating consumer demand for advanced electronics, thereby bolstering market growth. Additionally, the increasing production of computers and related devices has spurred demand for semiconductor memory types such as random access memory (RAM) and read-only memory (ROM). Logic devices also constitute a substantial portion of the market’s application landscape.
Silicon is expected to maintain its dominance in the United States semiconductor market based on material type. Widely utilized in semiconductors due to its abundance and high resistance properties, silicon is well-suited for various electrical applications. Its cost-effectiveness, ease of processing, and high purity further enhance its superiority over other materials in semiconductor manufacturing.
Overall, these factors underscore the robust growth prospects of the United States semiconductor market, driven by advancements in extrinsic semiconductors, increasing consumer electronics demand, and the continued dominance of silicon as a preferred material choice.
Major market players operating in the United States Semiconductor Market are:
- Intel Corporation
- Texas Instruments Incorporated
- Microchip Technology
- Analog Devices
- Micron Technology
- Xilinx Inc.
- AMD Advanced Micro Devices
- ON Semiconductor
- Qualcomm
- NVIDIA Corporation
Customers can also request for 10% free customization on this report.
“The US semiconductor market is experiencing significant growth and demand for semiconductor components. The increasing adoption of developing technologies like 5G, artificial intelligence, and the Internet of Things (IoT) is driving the need for more advanced and efficient semiconductor components. Additionally, the COVID-19 pandemic has enhanced digital transformation, leading to higher demand for electronic devices and semiconductors across many industries. However, there have been challenges such as supply chain disruptions and geopolitical tensions are affecting the industry. To maintain competitiveness, companies have focused on innovation, R&D investments, and strategic partnerships to address market trends and cater to evolving consumer demands,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based Indian management consulting firm.
“United States Semiconductor Market By Component (Memory Devices, Logic Devices, Analog IC, MPU, MCU, Sensors, Discrete Power Devices, Others), By Node Size (28nm, 40nm, 65nm, 90nm, 120nm, 130nm), By Application (IT & Telecommunication, Defense and Military, Industrial, Consumer Electronics, Automotive, Others), By Type (Intrinsic Semiconductor and Extrinsic Semiconductor), By Material Type (Silicon, Germanium and Gallium Arsenide), By Region, Competition Forecast & Opportunities, 2018-2028,” has evaluated the future growth potential of the United States semiconductor market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the United States semiconductor Market.
Contact
Techsci Research LLC
420 Lexington Avenue, Suite 300,
New York, United States- 10170
Tel: +13322586602
Email: sales@techsciresearch.com
Web: https://www.techsciresearch.com/