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Two years into a nearly $53 billion government effort to shore up the U.S. chip industry,
the challenges in shifting global semiconductor supply chains are
becoming clearer. The headwinds to the Chips Act include fast-growing
chip industries in competing countries, political complexity regarding
funding allocations at home and the sheer expense of manufacturing
chips. The WSJ’s Asia Fitch reports the lion’s share of the allotments
have been slated for Intel and other large chip makers, while other companies crucial to the chip-making supply chain have missed out. The gap underscores the crucial role that broad ecosystems of suppliers play in semiconductor
manufacturing and the distance the U.S. still faces in building full supply chains. A Boston Consulting Group study
projects the number of chips made in the U.S. will triple by 2032. That
would only expand the U.S. share of global output to 14% from 12% in
2020.
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