If fully funded, the R&D investments in the CHIPS Act could raise U.S. productivity by 0.2 percent to 0.4 percent over seven years.

Fact of the Week: CHIPS Act Could Boost US Productivity With Gains Reaching 0.2 to 0.4 Percent After Seven Years

A major disruption in U.S. semiconductor trade with Taiwan would result in a 59 percent increase in the price domestic producers have to pay.

Fact of the Week: A Significant Disruption to Taiwanese Semiconductor Production Could Increase the Prices of US Logic Chips by 59 Percent

For the average state, tech-based economic development programs provide an additional 1,300 tech-based jobs a year, while an additional year’s commitment to the SBIR provides 2,000 more jobs, writes John Wu in Innovation Files.

Fact of the Week: Technology-Based Economic Development Programs Generated 1,300 Additional Tech-Based Jobs Per Year Between 1981 and 2000

In an article from last year calculating the effects the semiconductor shortage had on inflation, economists Fernando Leibovici and Jason Dunn found that one-quarter of manufacturing industries use semiconductors as direct inputs in production.

Fact of the Week: 25 Percent of US Manufacturing Industries Use Semiconductors As Direct Inputs in Production

Companies have committed more than $200 billion to U.S. manufacturing projects since the passage of the CHIPS and Sciences Act and the Inflation Reduction Act last year.

Fact of the Week: US Manufacturing Commitments Double in Response to Subsidies in the CHIPS and Sciences Act and the IRA

A recent White House report noted that inflation-adjusted spending on manufacturing construction increased nearly 100 percent since the end of 2021 after decades of stagnant investment growth.

Fact of the Week: Spending on Manufacturing Construction Increased Nearly 100 Percent Since the End of 2021

Federal spending on R&D has spurred job creation, directly and indirectly supporting more than 1.6 million jobs in 2018, according to a recent report that PWC prepared for Breakthrough Energy.

Fact of the Week: US Investment in R&D Supported 1.6 Million Jobs in 2018

America’s lack of global manufacturing competitiveness in this technology is not just a matter of comparative advantage, but is rather evidence of a risky overdependence that has come to shock U.S. supply chains.

Fact of the Week: Nearly 93 Percent of DRAM Chips Are Produced in South Korea, China, and Taiwan

The United States is addressing its anemic share of the semiconductor fabrication market (which was 40 percent in 1990) through the CHIPS for America Act and U.S. Innovation and Competitiveness Act. But while these measures are steps in the right direction, they only address a narrow set of the electronics ecosystem. 

Fact of the Week: The CHIPS and Science Act Generated About 15,000 Direct Jobs in Affected Counties

Related

Fact of the Week: CHIPS Act Could Boost US Productivity With Gains Reaching 0.2 to 0.4 Percent After Seven Years

Fact of the Week: A Significant Disruption to Taiwanese Semiconductor Production Could Increase the Prices of US Logic Chips by 59 Percent

Fact of the Week: Technology-Based Economic Development Programs Generated 1,300 Additional Tech-Based Jobs Per Year Between 1981 and 2000