In 2026, chip technology is progressing at a breathtaking pace, propelled by cuttingedge semiconductor research, design, and manufacturing. The transistors embedded in modern semiconductors are so tiny that thousands would fit across the width of a single human hair. As technology continues to advance, semiconductors are delivering greater efficiency and performance across the economy and unleashing innovations that will define America’s economic strength, national security, and global competitiveness in the decades ahead.
Semiconductors are the foundation of artificial intelligence (AI), a technology that is transforming our economy and society, making entire industries more productive and innovative, and driving major scientific breakthroughs.
To win the competition for technology leadership in industries enabled by semiconductors, such as artificial intelligence, high performance computing, advanced communications, quantum, energy, and defense—the U.S. must reaffirm itself as the epicenter of innovation for the semiconductor industry’s newest technology paradigms. To this end, the U.S. is investing in high impact R&D programs to secure the next generation of semiconductor innovation.
“Winning the Chip Race” sets forth the U.S. semiconductor industry’s policy priorities for collaboration with the Trump Administration and the 119th Congress. Policymakers should advance U.S. semiconductor leadership through coordinated, complementary efforts to promote industry innovation and competitiveness while also protecting economic and national security.
The report projects the United States will triple its domestic semiconductor manufacturing capacity from 2022—when the CHIPS and Science Act (CHIPS) was enacted—to 2032. The projected 203% growth is the largest projected percent increase in the world over that time.
The study also projects the U.S. will grow its share of advanced logic (below 10nm) manufacturing to 28% of global capacity by 2032, up from 0% in 2022. Additionally, America is projected to capture over one-quarter (28%) of total global capital expenditures (capex) from 2024-2032, ranking second only to Taiwan (31%). In the absence of the CHIPS Act, the U.S. would have captured only 9% of global capex by 2032, according to the report.
SIA is the voice of the semiconductor industry, one of America’s top export industries and a key driver of our economic strength, national security, and global competitiveness.
