{"id":5919,"date":"2021-06-21T00:00:54","date_gmt":"2021-06-21T00:00:54","guid":{"rendered":"https:\/\/staging.asminternational.org\/edfas\/robust-federal-incentives-for-domestic-chip-manufacturing-would-create-an-average-of-nearly-200-000-american-jobs-annually-as-fabs-are-built-adding-ne\/"},"modified":"2023-02-23T21:28:35","modified_gmt":"2023-02-23T21:28:35","slug":"robust-federal-incentives-for-domestic-chip-manufacturing-would-create-an-average-of-nearly-200-000-american-jobs-annually-as-fabs-are-built-adding-ne","status":"publish","type":"post","link":"https:\/\/www.asminternational.org\/edfas\/results\/-\/journal_content\/56\/10192\/44754357\/NEWS\/","title":{"rendered":"Robust federal incentives for domestic chip manufacturing would create an average of nearly 200,000 American jobs annually as fabs are built adding nearly $25 Billion annually to U.S. economy"},"content":{"rendered":"

The Semiconductor Industry Association (SIA), Washington, in partnership with Oxford Economics, England, 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.<\/p>\n

The report, titled \u201cChipping In: The Positive Impact of the Semiconductor Industry on the American Workforce and How Federal Industry Incentives Will Increase Domestic Jobs,\u201d 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.<\/p>\n

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.<\/p>\n

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.<\/p>\n

\u201cAmerican jobs are built on semiconductors, and workers in our industry are driving the innovations critical to America\u2019s economy, national security, and global leadership in the technologies of today and tomorrow,\u201d said Bob Bruggeworth, President, CEO, and Director of Qorvo and SIA Board Chair. \u201cLeaders in Washington can spur greater U.S. economic growth and job creation, while also strengthening America\u2019s chip supply chains, by investing boldly in domestic manufacturing incentives and research initiatives.\u201d<\/p>\n

Other key report findings:<\/p>\n