CHIPS an IRA Appear to be Helping Return Manufacturing to the U.S.

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Example of Renaissance Technology

Georg Andreas Böckler, 1661

R&D Increased technology

Semi Conductors are root technology

One of the biggest things we would be wise to engage in is continuously drawing back manufacturing and industry investment into the U.S. It appears there has been some benefits in attracting semiconductor development in a way that impacts innovation across a wide spectrum of industries. That ability to impact entire industries through core tech development is important because it provides the most juice for the financial squeeze. 

Semiconductor development is more helpful when matched with complementary initiatives. Let also consider recent changes in infrastructure and see if that ends up in conjunction with technology impacting our growth trajectory. As these semiconductors get up and running there will be some lag time but we should then see positive impact on innovation and technology based patents, products, and revenues. 

Furthermore, we will need to become more productive and creative as a people so technology can match with human capital investment to create development synergy. That is a difficult and contentious issue as people debate what it means to be a universal democracy (i.e. meaning how to maximize engagement, opportunity, and development around shared American principles).   Its a murky but important concept.

Reading this informative article 'IRA and CHIPS Act bringing manufacturing back to the US' provides a key analysis of semiconductor investments in the U.S. Key Takeaways:

-Robert Casanova, Director of Industry Statistics and Economic Policy at the Semiconductor Industry Association, stated 52 semiconductor projects have been announced in the U.S. between 2020 when CHIPS Act started until March 2023 with a total of US$210 billion.

-From the chart 'Sources of FDI in US (US$ million)' it appears that FDI investment has doubled from Canada and Asia (I don't think the chart said but I think this is related to Semiconductors because of the paragraph above or below. I might have missed something.).

-AZ, TX, OH, NY appear to be top destinations for investment. 

There are some really good charts and information offered by Senate RPC on semiconductors that discusses how the U.S. started to lose the technology game and this adjustment was helpful in shifting the trajectory 'Key to Economic and National Security' 

There is also a review as presented to the President of the U.S. 'Revitalizing the U.S. Semiconductor Ecosystem'  Key point (Quoted):

-"$556 billion,7 with U.S. companies accounting for 47 percent of the market; semiconductors are the fourth largest U.S. export; and the industry directly employs nearly 300,000 Americans and indirectly accounts for 1.6 million additional jobs."

It appears that there are drivers to the development of the semi conductor industry. 'The global semiconductor industry is poised for a decade of growth and is projected to become a trillion-dollar industry by 2030.' Those include....

-automotive, computation and data storage, and wireless will fuel the growth.

Finally, you may want to consider the Semiconductor Industry Association and their 'Industry Impact' to determine what their perspective might be on the total impact. They have a cool Semi Conductor Map. Kind of looking at MI and the companies that are involved (It is separated by state) MI Semiconductor and about $675 Million. 

*Subtransactions can create economic cluster growth to improve the speed of development. A type of protype catalyst for larger manufacturing initiatives. In this case, semiconductors are essential for computing power and that is root that will determine many other things throughout the development chain. Infrastructure, human capital, and technology work together to create leading edge products that help revitalize economic development.