The US will triple its domestic semiconductor manufacturing capacity between 2022 and 2032 following the introduction of the CHIPS and Science Act, according to a report.

CHIPS (Creating Helpful Incentives to Produce Semiconductors) was signed into law by President Joe Biden in 2022 and authorises roughly $280bn of new funding to boost domestic research and manufacturing of semiconductors. The aim of the bill was to strengthen the supply chain and help the US compete against China and Taiwan, the largest producers in the sector.

According to the Semiconductor Industry Association (SIA), CHIPS will see the US will grow its share of advanced logic semiconductors (below 10nm) manufacturing to 28% of global capacity by 2032, up from 0% in 2022.

China, on the other hand, is expected to produce only around 2% by the same time as it is forced to rely on older equipment only capable of lower yields.

The US is also projected to capture over one-quarter (28%) of total global expenditure on semiconductors...