The EU will double its capacity by 2032 to defend its 8% global share
The United States will be able to triple its microprocessor production capacity in just a decade, after the implementation in 2022 of the new chip legislation enacted by Joe Biden, which will allow the country to increase its global market share to 14% in 2032 from 10% last year, reversing for the first time the trend of declines in production recorded since the 1990s.
According to a study prepared by the Semiconductor Industry Association (SIA), in association with Boston Consulting Group (BCG), the United States is projected to increase its domestic semiconductor manufacturing capacity by 203% starting in 2022, when it entered into The CHIPS and Science (CHIPS) Act takes effect until 2032.
The projected growth for the United States represents the largest projected percentage increase in the world during that time, surpassing the 129% capacity expansion estimated for South Korea and the 124% estimated for the European Union, which lead Taiwan, with a 97%, as well as China and Japan, with 86% expected in each case.
In this way, those responsible for the report calculate that the growth in US chip production capacity will allow the country to increase its global share to 14% in 2032 from the estimated 10% in 2022, after the unstoppable decline observed since 1990. , when the American quota was 37%.
In the case of the European Union, the 124% increase in production capacity will only allow the region to retain its current 8% market share, while China will see it cut from 24% in 2022 to 21% in a decade. after; Japan will go from 17% to 15%; and Taiwan from 18% to 17%.
“Effective policies, such as the CHIPS and Science Act, are spurring more investment in the U.S. semiconductor industry, which will help the country increase its share of global semiconductor production and innovation, fostering economic growth and technological competitiveness.” said Rich Templeton, chairman of the board of directors of Texas Instruments and chairman of the board of directors of SIA.
“The CHIPS and Science Act has put the United States on track to significantly strengthen domestic semiconductor R&D and manufacturing, but more work is needed to finish the job,” said John Neuffer, president and CEO of SIA.
