For decades, federal government and private sector investments in semiconductor research and development (R&D) have propelled the rapid pace of innovation in the U.S. semiconductor industry, making it the global leader and spurring tremendous growth throughout the U.S. economy. This report analyzes the impact of federal investments in semiconductor R&D on U.S. economic growth, job creation, and our country’s technology leadership.
In response to the global coronavirus pandemic, the semiconductor industry is focused on ensuring the health and safety of its workers, contributing to the effort to combat the virus, and sustaining the continuity of the critical systems and technologies that underpin modern society.
Our country’s leadership in semiconductors is a big reason America has the world’s largest economy and most advanced technologies. The U.S. industry, however, faces a range of challenges, including the COVID-19 pandemic, rising cost of innovation, declining share of global manufacturing, and geopolitical instability.