US chip manufacturing capacity projected to triple by 2032, fueled by CHIPS Act: Industry leader

published by the Semiconductor Industry Association , signaling progress nearly two years after President Biden signed the CHIPS and Science Act into law.

The report card, conducted in partnership with Boston Consulting Group, comes amid a global push to expand chipmaking capacity to address growing demand, particularly into pass the $50 billion CHIPS Act in 2022, aimed at bringing manufacturing back to the US. The incentives included in that package have attracted nearly half a trillion dollars in investments to build fabrication facilities in the US, according to Neuffer., has been the biggest beneficiary.

Neuffer said the semiconductor industry faces a projected shortfall of 67,000 workers this decade, particularly with a lack of engineers, computer scientists, and technicians. He said more training programs and STEM course development are needed to support an industry whose workforce is expected to grow by nearly 115,000 jobs in that time period.

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