by Zhi Su, Research Manager
In 2021, amid the ongoing global chip shortage, semiconductor companies substantially ramped up production and innovation to address persistently high demand, leading to record chip sales and units shipped. Global semiconductor sales reached $556 billion in 2021, and U.S. semiconductor companies accounted for sales totaling $258 billion, or 46% of the global market. To remain competitive in the industry, U.S. semiconductor firms also invested $50 billion in R&D, the highest in history. These data points and many more are now available in the recently released 2022 SIA Factbook.
[Download the 2022 SIA Factbook]
The 2022 SIA Factbook presents a clear picture of the trends in the U.S. semiconductor industry and global market using data. Factbook sections include data on the global industry and market, capital and R&D investment, jobs, and productivity. Data is updated through 2021, and most of the data is presented over a 20-year period, which provides a picture of long-term industry and market trends.
The U.S. semiconductor industry is a key driver of America’s economic strength, national security, global competitiveness, and technology leadership. Semiconductors were invented in America, and U.S. companies still lead the global market, accounting for nearly half the world’s chip sales.
Still, the U.S.-based industry faces significant challenges. The share of modern semiconductor manufacturing capacity located in the U.S. has eroded from 37% in 1990 to 12% today, mostly because other countries’ governments have invested ambitiously in chip manufacturing incentives and the U.S. government has not. Meanwhile, federal investments in chip research have held flat as a share of GDP, while other countries have significantly ramped up research investments. And while America is still the global leader in semiconductor design—the complex mapping of a chip’s tiny and intricate circuitry—its lead is slipping and not assured.
To help promote innovation and ensure America’s continued technology leadership, policymakers should take the following actions:
Download the 2022 SIA Factbook for free today!
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