SIA: "Chip Act" has driven $200 billion in private investment

According to statistics from the Semiconductor Industry Association SIA, since the "Chip Act" was introduced in the spring of 2020, the semiconductor industry has announced more than 40 investments in manufacturing projects in the United States, with a planned investment scale of approximately US$200 billion.

These new projects cover a range of activities required to support the U.S. chip ecosystem, including new, expanded, or upgraded fabs, semiconductor equipment, and materials production facilities in various semiconductor fields (such as high-end logic, memory, and analog chips).

The SIA noted that in anticipation of the bill's incentives, groundbreaking and construction activities have already begun on a number of projects, with production beginning as early as late 2024. Other projects will begin construction in 2023.

The combined size of new fabs, expansions of existing fabs, and equipment and materials suppliers is approximately $200 billion and creates approximately 40,000 jobs throughout the U.S. semiconductor supply chain. Jobs created in this sector support jobs across the U.S. economy. A joint SIA-Oxford Economic study last year found that for every U.S. worker directly employed in the semiconductor industry, the wider U.S. economy supports an additional 5.7 jobs.

In addition to direct grants, the chip bill includes "advanced manufacturing investment credits" for semiconductor manufacturing facilities and facilities that produce semiconductor manufacturing equipment. Overall, these incentives are expected to generate significant investment in the U.S. semiconductor ecosystem.