The world’s biggest economy the United States, which recorded an astonishing GDP of 20.49 trillion was also spearheading the semiconductor industry for over a decade, but things have now taken a turn and the country is now failing to compete with its Asian rivals in assembly and test manufacturing, fabrication, and wafer fabrication. According review film to various experts, the country lost over 73 percent of share in international semiconductor manufacturing in the last three decades and is now way behind three generations. If no imperative actions are taken, the country would lag behind more that will have serious consequences for its financial strength and also for national security. For instance, of late, Korea has already proclaimed to spend $450 billion into semiconductors while the United States only intends to spend $50 billion into the sector. If the country really needs to become competitive, implementation of revolutionary policies is required in the coming few months.
Other than this, the country has started witnessing threats on its semiconductor industry leadership quite rapidly. An amalgamation of foreign industrial policies and market forces is crafting incentives that are pushing new chip production facilities close to the border. If these kinds of policies continue, then the US might lose its position globally in chip design, equipment, and manufacturing coupled with deadly and imperative outcomes for the country’s economic growth. There are several obstacles attached to the industry’s move, but the European and Asian countries have already started taking care of the challenges in detail and took an important step to research and fund in both process and product technology. There is a new National Research Council Report of the US, which highlighted 16 major initiatives backed by the government at the regional and national level, and as support, a huge volume receives more than $100 million yearly. The country is also home to many global semiconductor manufacturing firms such as Intel, NXP, Texas Instruments, and fabless like Qualcomm and in spite of that, they are failing to strengthen their foothold in the international market share of semiconductor manufacturing.