US ramps up chip manufacturing: Investments in 2024 set to surpass previous 24 years combined

The big picture: With the US locked in a trade war with China, the emphasis on local chip manufacturing is now greater than ever. It’s no surprise that the nation is not resting on its laurels and has been pouring an unprecedented amount of money into projects this year to advance its position.
According to a recent tweet by Martin Chorzempa, senior fellow at the Peterson Institute, the US government’s investment in electronics manufacturing construction in 2024 alone will surpass the total expenditure from 1996 to 2020 (a span of 24 years).
Chips Act is attracting insane amount of investment. US is now on pace to add more investment in electronics manufacturing construction this year alone as it did TOTAL from 1996 until passage of the chips act in 2020 (funding not yet secured then, but investment started) pic.twitter.com/rfBg4XKybp – Martin Chorzempa 马永�