"It's no secret that America-the birthplace of the transistor and, by extension, the modern semiconductor industry-has gradually ceded its leadership in the manufacturing of semiconductors. These chips power everything from smartphones and cars to satellites, advanced defense systems and artificial intelligence. They are the backbone of the modern economy and the foundation of next generation technology such as quantum computing. Simply put, semiconductors are essential for modern life and critical to our technological future."
"For decades, many American semiconductor companies followed a "design here, build elsewhere" strategy that led to a decline of U.S.-based manufacturing from 37% in 1900 to just 10% by 2022. While these companies were following clear economic logic, the negative consequences to both economic, supply chain and national security should concern us all. Without a strong semiconductor manufacturing base, America is vulnerable in times of crisis. And our leadership role in the technologies of the future that rely on semiconductors is at risk."
America once led semiconductor manufacturing but has gradually ceded that position, leaving only 10% of U.S.-based manufacturing by 2022. Semiconductors power smartphones, cars, satellites, defense systems, artificial intelligence and future technologies like quantum computing, making them essential to the economy and national security. Many companies pursued a "design here, build elsewhere" model, creating supply chain and security vulnerabilities. The Trump administration enacted measures such as the Advanced Manufacturing Investment Tax Credit to rebuild domestic capacity. Both supply-side incentives and demand-side measures are necessary to bring production back onshore and restore supply chain integrity and resiliency. The administration set a goal of ensuring at least 50% of chips used in America.
Read at Fortune
Unable to calculate read time
Collection
[
|
...
]