As the world becomes increasingly interconnected and new technologies are adopted, semiconductors have become indispensable in day-to-day life, and ensuring a robust and reliable supply has never been more important.

Manufacturing semiconductors in the United States helps protect national security and also reduces the risk of supply-chain delays. In August 2022, the passage of the CHIPS Act set aside over $50 billion for American semiconductor research, development, manufacturing, and associated workforce development.

This report explores the details of the emerging demand and outlines how to take advantage of this crucial moment.