Robust Federal Incentives for Domestic Chip Manufacturing Would Create an Average of Nearly 200,000 American Jobs Annually as Fabs are Built, Add Nearly $25 Billion Annually to U.S. Economy
Semiconductor industry currently employs 277,000 people in the U.S. across 49 states, supports 1.6 million additional U.S. jobs, according to Oxford Economics/SIA study
WASHINGTON—The Semiconductor Industry Association (SIA), in partnership with Oxford Economics, today released a study analyzing the semiconductor workforce in the United States and the economic benefits that would come from robust federal investment in domestic chip production. The report, titled “Chipping In: The Positive Impact of the Semiconductor Industry on the American Workforce and How Federal Industry Incentives Will Increase Domestic Jobs,” finds the semiconductor industry directly employs more than 277,000 workers in high-paying R&D, design, and manufacturing jobs across 49 states and supports 1.6 million additional American jobs. The study also projects a $50 billion federal investment program to incentivize domestic semiconductor manufacturing would create an average of 185,000 temporary American jobs annually and add $24.6 billion annually to the U.S. economy as new semiconductor manufacturing facilities, or fabs, are constructed from 2021-2026.
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“American jobs are built on semiconductors, and workers in our industry are driving the innovations critical to America’s economy, national security, and global leadership in the technologies of today and tomorrow,” said Bob Bruggeworth, President, CEO, and Director of Qorvo and SIA Board Chair. “Leaders in Washington can spur greater U.S. economic growth and job creation, while also strengthening America’s chip supply chains, by investing boldly in domestic manufacturing incentives and research initiatives.”
In addition to boosting U.S. temporary job creation as fabs are built from 2021-2026, the study also finds a $50 billion federal investment program to incentivize domestic semiconductor manufacturing would add 280,000 permanent jobs to the U.S. economy beyond 2026, including 42,000 direct semiconductor industry jobs.