2024FACTBOOKSEMICONDUCTORINDUSTRYASSOCIATIONFACTBOOKIntroductionThedataincludedinthe2024SIAFactbookhelpsdemonstratethestrengthandpromiseoftheU.S.semiconductorindustryandwhyitiscriticalforpolicymakerstoenactmeasuresthatboostgrowthandpromoteinnovation.TheU.S.semiconductorindustryisakeydriverofAmerica’seconomicstrength,nationalsecurity,globalcompetitiveness,andtechnologyleadership.Semiconductorsenablethesystemsandproductsthatweusetowork,communicate,travel,entertain,harnessenergy,treatillness,andmakenewscientificdiscoveries.SemiconductorswereinventedinAmerica,andU.S.companiesstillleadtheglobalmarket,accountingfornearlyhalftheworld'schipsales.TohelppromoteinnovationandensureAmerica’scontinuedtechnologyleadership,policymakersshoulddothefollowing:1.InvestinU.S.SemiconductorLeadership:ImplementthepoliciesandprogramsintheCHIPSandScienceActefficiently,promptly,andtransparently.DeviseregulationsfortheadvancedmanufacturinginvestmentcreditintheCHIPSActtoencompassthefullscopeofinvestmentsinthesemiconductorecosystem.AdoptpoliciestopromoteinnovationandU.S.competitiveness,suchasenactinganinvestmenttaxcreditforsemiconductordesignandstrengtheningtheR&Dtaxcredit.MaintainU.S.technologyleadershipbyinvestingintheresearchandscienceprogramsauthorizedbytheCHIPSandScienceAct.2.StrengthenAmerica’sTechnologyWorkforce:Implementanationa...
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