A strong semiconductor industry is vital to America’s economic strength, national security and global competitiveness. Semiconductors – the chips found in all modern electronics – are a foundational technology for virtually all areas of our economy. Semiconductors were invented in America, and the U.S. still leads the world in cutting-edge manufacturing and design.
The semiconductor industry directly employs about 250,000 workers in the United States, and for every direct job there are 4.89 jobs supported in other parts of the U.S. economy. That equals more than 1 million additional jobs as a result of a thriving U.S. semiconductor industry. Even more impressive is that a job in the semiconductor industry pays on average 2.5 times more than the average salary for all U.S. workers.
Semiconductors are one of the nation’s top manufactured exports, in line with automobiles and aircraft. Contrary to the popular perception that most high-tech manufacturing has been offshored to Asia, advanced semiconductor manufacturing remains strong in the U.S. In fact, about half of U.S. semiconductor firms' manufacturing base is located in the United States.
SIA member companies continue to invest and expand in the U.S., with the construction of new and expanded state-of-the-art fabrication facilities across the country. Overall, U.S.-based semiconductor companies retain about 50 percent of global market share in a highly competitive market. (Source: SIA/iSuppli/WSTS)
A thriving U.S. semiconductor industry means a strong American economy, high-paying jobs and an outsized impact across the nation. Simply put, semiconductors strengthen our country.