America’s Chip Resurgence: Over $540 Billion in Semiconductor Supply Chain Investments
Last updated March 7, 2025
The Advanced Manufacturing Investment Credit (Section 48D) and manufacturing grant incentives have sparked substantial investments in the U.S. In fact, companies in the semiconductor ecosystem have announced over 100 projects across 28 states—totaling more than half of a trillion dollars in private investments—since 2020. These announced projects will create and support over 500,000 American jobs — 68,000 facility jobs in the semiconductor ecosystem; 122,000 construction jobs; and support over 320,000 additional jobs throughout the U.S. economy.
Thus far, the Department of Commerce has announced $32.5417 billion in grant awards and up to $5.85 billion in loans to 32 companies across 48 projects. A Preliminary memorandum of terms (PMTs) is a non-binding agreement between companies and the Department of Commerce. A due diligence stage follows a PMT, after which a final award agreement will be reached. As milestones of the projects are achieved, funds will be disbursed to reimburse awardees for funds spent to reach each milestone. The Departments of Defense and Commerce also issued a joint statement on Sept. 16 announcing Intel as the recipient of up to $3 billion in grant incentives for the “Secure Enclave” program, which “will support the manufacturing of microelectronics and ensure access to a domestic supply chain of advanced semiconductors for national security.”
SIA looks forward to working with the Treasury and Commerce Departments to ensure tax credit and grant incentives are implemented in an effective, efficient, and timely manner. Doing so will help reinvigorate U.S. chip production and innovation and deliver major benefits for America’s economy, job creation, national security, supply chain resilience, and technology leadership.
SIA will update this webpage with announcements regarding investments in commercial fabrication facilities (front-end and back-end), facilities for the manufacturing of semiconductor equipment and materials, and R&D facilities.
