U.S. Semiconductor Production Surges While Total Manufacturing Stalls

In the first 11 months of 2024, the U.S. semiconductor production index rose by 7.1% compared to the same period in 2023, while the total manufacturing production index declined by 0.5%. Over the past decade, semiconductor production has skyrocketed by 74%, driven by robust AI-related investments and support from the 2022 CHIPS Act. In stark contrast, the broader manufacturing production index has remained nearly stagnant, underscoring the exceptional growth of the semiconductor sector within U.S. manufacturing.